Atlantica Yield PLC (NASDAQ:ABY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.35 and last traded at $0.00, with a volume of shares trading hands.

Several research firms have recently weighed in on ABY. Zacks Investment Research raised Atlantica Yield PLC from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, October 18th. BidaskClub raised Atlantica Yield PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Bank of America Corporation reissued a “buy” rating and issued a $24.00 price objective on shares of Atlantica Yield PLC in a report on Tuesday, October 24th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price objective on shares of Atlantica Yield PLC in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.33.

The company has a current ratio of 2.30, a quick ratio of 2.27 and a debt-to-equity ratio of 2.91. The firm has a market cap of $2,319.02, a price-to-earnings ratio of 77.13, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in shares of Atlantica Yield PLC by 2.3% during the 1st quarter. California Public Employees Retirement System now owns 22,300 shares of the utilities provider’s stock worth $467,000 after purchasing an additional 500 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Atlantica Yield PLC by 2.4% during the 1st quarter. Teachers Advisors LLC now owns 105,529 shares of the utilities provider’s stock worth $2,212,000 after purchasing an additional 2,441 shares in the last quarter. UBS Group AG boosted its position in shares of Atlantica Yield PLC by 10.0% during the 1st quarter. UBS Group AG now owns 35,166 shares of the utilities provider’s stock worth $738,000 after purchasing an additional 3,184 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Atlantica Yield PLC by 1.7% during the 1st quarter. TIAA CREF Investment Management LLC now owns 249,716 shares of the utilities provider’s stock worth $5,234,000 after purchasing an additional 4,059 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Atlantica Yield PLC during the 1st quarter worth about $119,000. 50.74% of the stock is currently owned by institutional investors.

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About Atlantica Yield PLC

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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