First Trust Advisors LP lowered its stake in shares of Abengoa Yield PLC (NASDAQ:ABY) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 98,482 shares of the company’s stock after selling 1,157 shares during the period. First Trust Advisors LP owned approximately 0.10% of Abengoa Yield PLC worth $1,830,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABY. Americafirst Capital Management LLC acquired a new stake in shares of Abengoa Yield PLC during the second quarter worth approximately $470,000. Strs Ohio acquired a new stake in shares of Abengoa Yield PLC during the second quarter worth approximately $364,000. HITE Hedge Asset Management LLC boosted its stake in shares of Abengoa Yield PLC by 98.8% in the second quarter. HITE Hedge Asset Management LLC now owns 651,517 shares of the company’s stock worth $12,105,000 after buying an additional 323,731 shares in the last quarter. Rock Point Advisors LLC acquired a new stake in shares of Abengoa Yield PLC during the second quarter worth approximately $945,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Abengoa Yield PLC by 25.9% in the second quarter. Bank of New York Mellon Corp now owns 148,860 shares of the company’s stock worth $2,766,000 after buying an additional 30,631 shares in the last quarter. 55.83% of the stock is owned by hedge funds and other institutional investors.
Abengoa Yield PLC (NASDAQ:ABY) traded down 0.16% during trading on Monday, hitting $18.97. 565,610 shares of the company’s stock were exchanged. Abengoa Yield PLC has a 12-month low of $13.11 and a 12-month high of $21.83. The firm’s market cap is $1.90 billion. The company’s 50-day moving average price is $19.16 and its 200 day moving average price is $18.39.
Abengoa Yield PLC (NASDAQ:ABY) last released its earnings results on Friday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date of this dividend was Monday, August 29th. Abengoa Yield PLC’s dividend payout ratio (DPR) is presently -50.22%.
ABY has been the subject of a number of research reports. 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 reaffirmed 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, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.29.
Abengoa Yield PLC Company Profile
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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