Quantbot Technologies LP grew its holdings in shares of Atlantica Yield PLC (NASDAQ:AY) by 532.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,914 shares of the utilities provider’s stock after purchasing an additional 5,820 shares during the period. Quantbot Technologies LP’s holdings in Atlantica Yield were worth $136,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Atlantica Yield during the 2nd quarter valued at $139,000. Sei Investments Co. lifted its holdings in shares of Atlantica Yield by 885.9% during the 2nd 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 during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Atlantica Yield during the 3rd quarter valued at $214,000. Pitcairn Co. acquired a new position in shares of Atlantica Yield in the 3rd quarter valued at $247,000. Finally, Ramsey Quantitative Systems acquired a new position in shares of Atlantica Yield in the 2nd quarter valued at $319,000. Hedge funds and other institutional investors own 50.97% of the company’s stock.
Several equities analysts recently issued reports on the company. BidaskClub downgraded Atlantica Yield from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 target price on shares of Atlantica Yield in a research report on Monday, September 25th. Finally, Zacks Investment Research downgraded Atlantica Yield from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Atlantica Yield currently has a consensus rating of “Buy” and a consensus target price of $23.83.
Atlantica Yield (NASDAQ:AY) last released its earnings results on Monday, November 13th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.30). Atlantica Yield had a net margin of 2.85% and a return on equity of 1.41%. The firm had revenue of $291.96 million during the quarter. research analysts predict that Atlantica Yield PLC will post 0.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 5.18%. This is an increase from Atlantica Yield’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, November 29th. Atlantica Yield’s dividend payout ratio is presently 429.63%.
Atlantica Yield 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).
Want to see what other hedge funds are holding AY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlantica Yield PLC (NASDAQ:AY).
What are top analysts saying about Atlantica Yield PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Atlantica Yield PLC and related companies.