The Atlantica Yield PLC (ABY) Announces Earnings Results

The Atlantica Yield PLC (ABY) Announces  Earnings Results

Atlantica Yield PLC (NASDAQ:ABY) opened at 20.98 on Monday. The company has a 50 day moving average of $20.34 and a 200-day moving average of $20.24. Atlantica Yield PLC has a 12-month low of $16.18 and a 12-month high of $22.87. The stock has a market cap of $2.10 billion, a P/E ratio of 223.19 and a beta of 1.12.

Atlantica Yield PLC (NASDAQ:ABY) announced its quarterly earnings results on Monday. The utilities provider reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.07, Morningstar.com reports. The business had revenue of $198.15 million during the quarter, compared to analysts’ expectations of $208 million. Atlantica Yield PLC had a negative net margin of 22.96% and a negative return on equity of 0.71%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Friday, May 26th. Atlantica Yield PLC’s payout ratio is -29.02%.

Several equities research analysts have recently commented on the stock. Guggenheim raised shares of Atlantica Yield PLC from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.35 to $23.00 in a research report on Tuesday, February 28th. Zacks Investment Research upgraded shares of Atlantica Yield PLC from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, February 8th. ValuEngine upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Jefferies Group LLC began coverage on shares of Atlantica Yield PLC in a research note on Wednesday, April 12th. They set a “hold” rating and a $22.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Atlantica Yield PLC has a consensus rating of “Buy” and a consensus price target of $22.75. A number of hedge funds have recently bought and sold shares of ABY. Vanguard Group Inc. increased its stake in Atlantica Yield PLC by 22.1% in the first quarter. Vanguard Group Inc. now owns 313,460 shares of the utilities provider’s stock worth $6,570,000 after buying an additional 56,649 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Atlantica Yield PLC during the first quarter valued at $3,171,000. Geode Capital Management LLC increased its position 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 during the period. Renaissance Technologies LLC acquired a new position in Atlantica Yield PLC during the first quarter valued at $2,639,000. Finally, Teachers Advisors LLC increased its position in Atlantica Yield PLC by 2.4% in the first quarter. Teachers Advisors LLC now owns 105,529 shares of the utilities provider’s stock valued at $2,212,000 after buying an additional 2,441 shares during the period. Institutional investors own 51.32% of the company’s stock.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ABY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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