Capital Innovations LLC held its position in Atlantica Yield PLC (NASDAQ:ABY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,945 shares of the utilities provider’s stock at the close of the second quarter. Atlantica Yield PLC accounts for approximately 2.0% of Capital Innovations LLC’s holdings, making the stock its 16th largest holding. Capital Innovations LLC’s holdings in Atlantica Yield PLC were worth $533,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ABY. Ameritas Investment Partners Inc. bought a new position in shares of Atlantica Yield PLC during the first quarter valued at approximately $107,000. SG Americas Securities LLC bought a new position in shares of Atlantica Yield PLC during the first quarter valued at approximately $119,000. Bronfman E.L. Rothschild L.P. bought a new position in shares of Atlantica Yield PLC during the second quarter valued at approximately $139,000. Sei Investments Co. boosted its stake in shares of Atlantica Yield PLC by 885.9% during the second quarter. Sei Investments Co. now owns 8,114 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 7,291 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Atlantica Yield PLC during the first quarter valued at approximately $254,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.14%. This is a boost from Atlantica Yield PLC’s previous quarterly dividend of $0.25. Atlantica Yield PLC’s payout ratio is 346.67%.
ABY has been the topic of a number of recent research reports. BidaskClub upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $23.00 price objective on shares of Atlantica Yield PLC in a research note on Monday, September 25th. Zacks Investment Research downgraded shares of Atlantica Yield PLC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, TheStreet raised shares of Atlantica Yield PLC from a “d” rating to a “c-” rating in a research report on Monday, June 12th. 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. The stock has an average rating of “Hold” and an average price target of $23.00.
Atlantica Yield PLC Company Profile
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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