Atlantica Yield PLC (ABY) Short Interest Update
Atlantica Yield PLC (NASDAQ:ABY) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 715,874 shares, a decrease of 24.0% from the August 31st total of 942,269 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 373,612 shares, the short-interest ratio is currently 1.9 days.
Several institutional investors and hedge funds have recently modified their holdings of ABY. Ameritas Investment Partners Inc. bought a new stake in shares of Atlantica Yield PLC in the first quarter valued at $107,000. SG Americas Securities LLC bought a new stake in shares of Atlantica Yield PLC in the first quarter valued at $119,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Atlantica Yield PLC in the second quarter valued at $139,000. Sei Investments Co. raised its stake in shares of Atlantica Yield PLC by 885.9% in the second quarter. Sei Investments Co. now owns 8,114 shares of the utilities provider’s stock valued at $173,000 after buying an additional 7,291 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in shares of Atlantica Yield PLC in the first quarter valued at $254,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.
Shares of Atlantica Yield PLC (ABY) opened at 20.42 on Friday. The company’s market cap is $2.05 billion. Atlantica Yield PLC has a 1-year low of $16.55 and a 1-year high of $22.87. The company has a 50-day moving average price of $20.41 and a 200-day moving average price of $20.67.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.26 dividend. The ex-dividend date was Tuesday, August 29th. This is a positive change from Atlantica Yield PLC’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 5.09%. Atlantica Yield PLC’s payout ratio is presently 346.67%.
A number of equities research analysts recently weighed in on ABY shares. BidaskClub cut Atlantica Yield PLC from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research cut Atlantica Yield PLC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 11th. TheStreet upgraded Atlantica Yield PLC from a “d” rating to a “c-” rating in a research note on Monday, June 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $23.00 price target on shares of Atlantica Yield PLC in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Atlantica Yield PLC has an average rating of “Hold” and a consensus target price of $23.00.
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About Atlantica Yield PLC
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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