Shares of Abengoa Yield PLC (NASDAQ:ABY) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $21.00.
Several research analysts have weighed in on ABY shares. Avondale Partners reiterated a “conviction-buy” rating on shares of Abengoa Yield PLC in a report on Tuesday, August 23rd. Zacks Investment Research lowered Abengoa Yield PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 25th.
Several hedge funds have recently added to or reduced their stakes in ABY. Acrospire Investment Management LLC purchased a new stake in Abengoa Yield PLC during the second quarter valued at about $110,000. Advisory Services Network LLC increased its stake in Abengoa Yield PLC by 229.5% in the third quarter. Advisory Services Network LLC now owns 10,075 shares of the company’s stock valued at $192,000 after buying an additional 7,017 shares in the last quarter. Jane Street Group LLC purchased a new stake in Abengoa Yield PLC during the second quarter valued at about $195,000. Airain ltd purchased a new stake in Abengoa Yield PLC during the second quarter valued at about $196,000. Finally, Invictus RG increased its stake in Abengoa Yield PLC by 1,965.5% in the second quarter. Invictus RG now owns 13,632 shares of the company’s stock valued at $253,000 after buying an additional 12,972 shares in the last quarter. 55.83% of the stock is currently owned by hedge funds and other institutional investors.
Abengoa Yield PLC (NASDAQ:ABY) traded up 1.28% during mid-day trading on Friday, hitting $18.17. The stock had a trading volume of 139,888 shares. The stock’s 50-day moving average is $18.79 and its 200 day moving average is $18.50. Abengoa Yield PLC has a 52 week low of $13.11 and a 52 week high of $21.83. The company’s market capitalization is $1.82 billion.
Abengoa Yield PLC (NASDAQ:ABY) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. Abengoa Yield PLC had a negative return on equity of 1.03% and a negative net margin of 24.39%. Equities analysts forecast that Abengoa Yield PLC will post $0.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.47%. The ex-dividend date was Monday, August 29th. Abengoa Yield PLC’s dividend payout ratio is -50.22%.
About Abengoa Yield PLC
Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The Company owns approximately 20 assets, comprising 1,441 mega watts of renewable energy generation, 300 mega watts of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets.
Receive News & Ratings for Abengoa Yield PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abengoa Yield PLC and related companies with MarketBeat.com's FREE daily email newsletter.