State Board of Administration of Florida Retirement System increased its position in shares of Abengoa Yield PLC (NASDAQ:ABY) by 4.8% during the second quarter, Holdings Channel reports. The institutional investor owned 17,025 shares of the company’s stock after buying an additional 778 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Abengoa Yield PLC were worth $316,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ABY. Ecofin Ltd. boosted its stake in shares of Abengoa Yield PLC by 53.4% in the second quarter. Ecofin Ltd. now owns 423,221 shares of the company’s stock worth $7,863,000 after buying an additional 147,273 shares during the last quarter. Boussard & Gavaudan Investment Management LLP boosted its stake in shares of Abengoa Yield PLC by 116.9% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 1,326,118 shares of the company’s stock worth $24,454,000 after buying an additional 714,656 shares during the last quarter. Kleinwort Benson Investors Dublin Ltd acquired a new stake in shares of Abengoa Yield PLC during the second quarter worth $4,554,000. Glendon Capital Management LP boosted its stake in shares of Abengoa Yield PLC by 11.9% in the second quarter. Glendon Capital Management LP now owns 985,535 shares of the company’s stock worth $18,311,000 after buying an additional 104,568 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Abengoa Yield PLC by 18.9% in the second quarter. California State Teachers Retirement System now owns 123,458 shares of the company’s stock worth $2,294,000 after buying an additional 19,587 shares during the last quarter. Institutional investors and hedge funds own 55.83% of the company’s stock.
Abengoa Yield PLC (NASDAQ:ABY) traded up 1.07% during trading on Thursday, reaching $17.98. 88,423 shares of the company were exchanged. The firm has a 50-day moving average of $18.83 and a 200-day moving average of $18.50. Abengoa Yield PLC has a 52-week low of $13.11 and a 52-week high of $21.83. The firm’s market cap is $1.80 billion.
Abengoa Yield PLC (NASDAQ:ABY) last released its quarterly earnings results on Friday, August 5th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.28. Abengoa Yield PLC had a negative net margin of 24.39% and a negative return on equity of 1.03%. On average, equities analysts forecast that Abengoa Yield PLC will post $0.23 EPS for the current year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date was Monday, August 29th. Abengoa Yield PLC’s dividend payout ratio is presently -50.22%.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Abengoa Yield PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 25th. Avondale Partners restated a “conviction-buy” rating on shares of Abengoa Yield PLC in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.00.
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.
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