Schwab Charles Investment Management Inc. Holds Position in Atlantica Yield PLC (ABY)

Schwab Charles Investment Management Inc. continued to hold its stake in Atlantica Yield PLC (NASDAQ:ABY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,484 shares of the utilities provider’s stock at the end of the first quarter. Schwab Charles Investment Management Inc. owned about 0.09% of Atlantica Yield PLC worth $1,939,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in Atlantica Yield PLC during the first quarter worth about $2,639,000. Morgan Stanley increased its stake in Atlantica Yield PLC by 16.3% in the first quarter. Morgan Stanley now owns 3,873,520 shares of the utilities provider’s stock valued at $81,189,000 after buying an additional 541,651 shares in the last quarter. UBS Group AG increased its stake in Atlantica Yield PLC by 10.0% in the first quarter. UBS Group AG now owns 35,166 shares of the utilities provider’s stock valued at $738,000 after buying an additional 3,184 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Atlantica Yield PLC during the first quarter valued at about $3,171,000. Finally, Geode Capital Management LLC increased its stake in Atlantica Yield PLC by 13.9% in the first quarter. Geode Capital Management LLC now owns 150,890 shares of the utilities provider’s stock valued at $3,162,000 after buying an additional 18,451 shares in the last quarter. Hedge funds and other institutional investors own 51.73% of the company’s stock.

Atlantica Yield PLC (ABY) traded up 0.76% on Friday, hitting $21.29. 126,708 shares of the stock were exchanged. Atlantica Yield PLC has a one year low of $16.55 and a one year high of $22.87. The company has a market cap of $2.13 billion, a P/E ratio of 68.68 and a beta of 1.12. The company’s 50 day moving average price is $21.05 and its 200-day moving average price is $20.87.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.92%. This is a positive change from Atlantica Yield PLC’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, August 29th. Atlantica Yield PLC’s dividend payout ratio is currently 333.33%.

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Several research firms have issued reports on ABY. BidaskClub upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of Atlantica Yield PLC from a “d” rating to a “c-” rating in a research note on Monday, June 12th. Finally, Zacks Investment Research upgraded shares of Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Atlantica Yield PLC presently has an average rating of “Buy” and a consensus target price of $22.80.

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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