Several other research firms have also recently commented on AY. ValuEngine raised shares of Atlantica Yield from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Zacks Investment Research raised shares of Atlantica Yield from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, March 15th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $25.50 target price on shares of Atlantica Yield in a research report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Atlantica Yield presently has an average rating of “Buy” and a consensus price target of $24.70.
Shares of AY opened at $21.90 on Wednesday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 52.14 and a beta of 0.52. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.55 and a quick ratio of 1.52. Atlantica Yield has a twelve month low of $17.50 and a twelve month high of $22.41.
Atlantica Yield (NASDAQ:AY) last announced its quarterly earnings results on Friday, May 10th. The utilities provider reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.04). The firm had revenue of $221.45 million for the quarter, compared to analysts’ expectations of $236.80 million. Atlantica Yield had a net margin of 3.60% and a return on equity of 2.08%. As a group, equities research analysts forecast that Atlantica Yield will post 1.07 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. FMR LLC purchased a new position in shares of Atlantica Yield in the first quarter worth $26,976,000. Kore Private Wealth LLC bought a new stake in Atlantica Yield in the first quarter worth $91,000. Bramshill Investments LLC bought a new stake in Atlantica Yield in the first quarter worth $818,000. Morgan Stanley increased its position in Atlantica Yield by 4.1% in the first quarter. Morgan Stanley now owns 11,418,896 shares of the utilities provider’s stock worth $222,211,000 after purchasing an additional 454,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in Atlantica Yield in the first quarter worth $1,168,000. Institutional investors own 45.50% of the company’s stock.
Atlantica Yield Company Profile
Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.
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