Capital Innovations LLC Invests $426,000 in Atlantica Yield PLC (AY) Stock

Capital Innovations LLC acquired a new position in Atlantica Yield PLC (NASDAQ:AY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,090 shares of the utilities provider’s stock, valued at approximately $426,000.

Other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System acquired a new position in Atlantica Yield in the 4th quarter worth about $869,000. Engineers Gate Manager LP acquired a new position in Atlantica Yield in the 4th quarter worth about $1,072,000. Algert Global LLC acquired a new position in Atlantica Yield in the 4th quarter worth about $519,000. Vaughan Nelson Investment Management L.P. acquired a new position in Atlantica Yield in the 4th quarter worth about $60,159,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Atlantica Yield in the 4th quarter worth about $760,000. 51.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Atlantica Yield PLC (NASDAQ:AY) opened at $19.75 on Monday. The stock has a market capitalization of $1,979.29, a P/E ratio of 73.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.07. The company has a quick ratio of 2.20, a current ratio of 2.23 and a debt-to-equity ratio of 2.90. Atlantica Yield PLC has a fifty-two week low of $19.30 and a fifty-two week high of $25.99.

Atlantica Yield (NASDAQ:AY) last announced its quarterly earnings data on Monday, November 13th. The utilities provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.30). Atlantica Yield had a return on equity of 1.41% and a net margin of 2.85%. The firm had revenue of $291.96 million during the quarter. equities research analysts forecast that Atlantica Yield PLC will post 0.24 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. BidaskClub raised Atlantica Yield from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 target price on shares of Atlantica Yield in a research report on Monday, October 30th. Bank of America reaffirmed a “buy” rating and issued a $24.00 target price on shares of Atlantica Yield in a research report on Tuesday, October 24th. Guggenheim set a $27.00 target price on Atlantica Yield and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Zacks Investment Research lowered Atlantica Yield from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.60.

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About Atlantica Yield

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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Institutional Ownership by Quarter for Atlantica Yield (NASDAQ:AY)

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