Deutsche Bank AG lifted its stake in Atlantica Yield PLC (NASDAQ:AY) by 203.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 535,463 shares of the utilities provider’s stock after purchasing an additional 359,226 shares during the quarter. Deutsche Bank AG owned 0.53% of Atlantica Yield worth $10,494,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its position in Atlantica Yield by 1.6% during the 4th quarter. First Trust Advisors LP now owns 94,283 shares of the utilities provider’s stock worth $1,848,000 after acquiring an additional 1,504 shares during the period. Bank of Montreal Can acquired a new stake in Atlantica Yield during the 4th quarter worth about $30,000. Nisa Investment Advisors LLC acquired a new stake in Atlantica Yield during the 4th quarter worth about $33,000. Tortoise Capital Advisors L.L.C. acquired a new stake in Atlantica Yield during the 3rd quarter worth about $38,000. Finally, Legal & General Group Plc boosted its position in Atlantica Yield by 52.6% during the 4th quarter. Legal & General Group Plc now owns 13,723 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 4,729 shares during the period. Institutional investors and hedge funds own 50.67% of the company’s stock.
AY has been the subject of a number of research reports. ValuEngine lowered Atlantica Yield from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. BidaskClub lowered Atlantica Yield from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. Zacks Investment Research upgraded Atlantica Yield from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, January 8th. Citigroup assumed coverage on Atlantica Yield in a report on Monday, January 7th. They set a “buy” rating and a $25.00 price target for the company. Finally, Raymond James reduced their price target on Atlantica Yield from $27.50 to $25.50 and set an “outperform” rating for the company in a report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $24.70.
Shares of Atlantica Yield stock opened at $20.00 on Thursday. The stock has a market cap of $2.02 billion, a PE ratio of 47.62, a PEG ratio of 1.07 and a beta of 0.63. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.53 and a quick ratio of 1.50. Atlantica Yield PLC has a 52-week low of $17.50 and a 52-week high of $21.22.
The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.48 annualized dividend and a dividend yield of 7.40%. Atlantica Yield’s dividend payout ratio is 352.38%.
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Atlantica Yield 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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