Bank of New York Mellon Corp boosted its stake in Abengoa Yield PLC (NASDAQ:ABY) by 25.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,860 shares of the company’s stock after buying an additional 30,631 shares during the period. Bank of New York Mellon Corp owned approximately 0.15% of Abengoa Yield PLC worth $2,766,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HITE Hedge Asset Management LLC increased its position 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 valued at $12,105,000 after buying an additional 323,731 shares in the last quarter. Rock Point Advisors LLC bought a new position in shares of Abengoa Yield PLC during the second quarter valued at approximately $945,000. Strs Ohio bought a new position in shares of Abengoa Yield PLC during the second quarter valued at approximately $364,000. Finally, Americafirst Capital Management LLC bought a new position in shares of Abengoa Yield PLC during the second quarter valued at approximately $470,000. Institutional investors own 55.83% of the company’s stock.
Abengoa Yield PLC (NASDAQ:ABY) remained flat at $19.01 during trading on Friday. The company had a trading volume of 996,027 shares. Abengoa Yield PLC has a 1-year low of $13.11 and a 1-year high of $21.83. The firm’s 50 day moving average price is $19.01 and its 200 day moving average price is $18.45. The firm’s market capitalization is $1.91 billion.
Abengoa Yield PLC (NASDAQ:ABY) last released its quarterly earnings results on Friday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. Abengoa Yield PLC had a negative net margin of 24.39% and a negative return on equity of 1.03%. Equities analysts anticipate that Abengoa Yield PLC will post $0.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend was Monday, August 29th. Abengoa Yield PLC’s dividend payout ratio (DPR) is -50.22%.
ABY has been the subject of several analyst reports. Avondale Partners restated a “conviction-buy” rating on shares of Abengoa Yield PLC in a research note on Tuesday, August 23rd. Zacks Investment Research cut Abengoa Yield PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.00.
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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