Pitcairn Co. acquired a new position in shares of Atlantica Yield PLC (NASDAQ:AY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,000 shares of the utilities provider’s stock, valued at approximately $339,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invictus RG acquired a new stake in Atlantica Yield during the fourth quarter worth about $491,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Atlantica Yield during the fourth quarter worth about $7,363,000. Alliancebernstein L.P. acquired a new stake in Atlantica Yield during the fourth quarter worth about $2,080,000. Geode Capital Management LLC acquired a new stake in Atlantica Yield during the fourth quarter worth about $1,734,000. Finally, Ascend Capital LLC acquired a new stake in Atlantica Yield during the fourth quarter worth about $1,201,000. Hedge funds and other institutional investors own 54.05% of the company’s stock.
AY has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Atlantica Yield from a “hold” rating to a “sell” rating in a research report on Monday, December 25th. Guggenheim set a $27.00 price objective on shares of Atlantica Yield and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, BidaskClub upgraded shares of Atlantica Yield from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Atlantica Yield has an average rating of “Hold” and an average price target of $24.60.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Monday, March 19th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, March 16th. This is a boost from Atlantica Yield’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.35%. Atlantica Yield’s dividend payout ratio (DPR) is currently -126.09%.
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).
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