Dimensional Fund Advisors LP Raises Position in Atlantica Yield PLC (AY)

February 11th, 20188:14 am @

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Dimensional Fund Advisors LP raised its holdings in shares of Atlantica Yield PLC (NASDAQ:AY) by 122.5% in the third quarter, according to the company in its most recent filing with the Securities Exchange Commission. The institutional investor owned 715,324 shares of the utilities provider’s stock after purchasing an additional 393,781 shares during the quarter. Dimensional Fund Advisors LP owned 0.71% of Atlantica Yield worth $14,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. bought a new stake in shares of Atlantica Yield in the 3rd quarter worth approximately $378,000. Campbell CO Investment Adviser LLC increased its position in Atlantica Yield by 50.3% in the 3rd quarter. Campbell CO Investment Adviser LLC now owns 23,025 shares of the utilities provider’s stock valued at $454,000 after acquiring an additional 7,703 shares during the period. Legal General Group Plc increased its position in Atlantica Yield by 73.2% in the 3rd quarter. Legal General Group Plc now owns 8,994 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 3,800 shares during the period. Kayne Anderson Capital Advisors LP acquired a new stake in Atlantica Yield in the 3rd quarter valued at approximately $334,000. Finally, Alpine Woods Capital Investors LLC increased its position in Atlantica Yield by 33.4% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 105,500 shares of the utilities provider’s stock valued at $2,078,000 after acquiring an additional 26,400 shares during the period. Hedge funds and other institutional investors own 51.60% of the company’s stock.

Shares of Atlantica Yield PLC (AY) opened at $19.75 on Friday. Atlantica Yield PLC has a 12-month low of $19.30 and a 12-month high of $25.99. The firm has a market capitalization of $1,973.28, a PE ratio of 73.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.07. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.23 and a quick ratio of 2.20.

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

AY has been the topic of several analyst reports. Guggenheim set a $27.00 target price on Atlantica Yield and gave the company a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded Atlantica Yield from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, October 18th. Royal Bank of Canada restated a “buy” rating and issued a $23.00 target price on shares of Atlantica Yield in a report on Monday, October 30th. Bank of America restated a “buy” rating and issued a $24.00 target price on shares of Atlantica Yield in a report on Tuesday, October 24th. Finally, BidaskClub raised Atlantica Yield from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.60.

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Atlantica Yield Company Profile

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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