Atlantica Yield PLC (NASDAQ:ABY) had its price target boosted by analysts at Royal Bank Of Canada from $23.00 to $26.00 in a research report issued on Monday. The firm presently has an “outperform” rating on the utilities provider’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 10.73% from the company’s current price.

Several other brokerages have also issued reports on ABY. BidaskClub lowered shares of Atlantica Yield PLC from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Atlantica Yield PLC from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $24.00 target price on shares of Atlantica Yield PLC in a research report on Tuesday, October 24th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Atlantica Yield PLC currently has an average rating of “Buy” and a consensus price target of $23.83.

Shares of Atlantica Yield PLC (NASDAQ ABY) opened at $23.48 on Monday. The stock has a market cap of $2,353.10, a PE ratio of 78.27, a P/E/G ratio of 1.03 and a beta of 1.15. Atlantica Yield PLC has a fifty-two week low of $16.55 and a fifty-two week high of $24.13. The company has a debt-to-equity ratio of 2.91, a current ratio of 2.30 and a quick ratio of 2.27.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System grew its position in shares of Atlantica Yield PLC by 2.3% during the first quarter. California Public Employees Retirement System now owns 22,300 shares of the utilities provider’s stock worth $467,000 after buying an additional 500 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Atlantica Yield PLC by 2.4% during the first quarter. Teachers Advisors LLC now owns 105,529 shares of the utilities provider’s stock worth $2,212,000 after buying an additional 2,441 shares in the last quarter. UBS Group AG grew its position in shares of Atlantica Yield PLC by 10.0% during the first quarter. UBS Group AG now owns 35,166 shares of the utilities provider’s stock worth $738,000 after buying an additional 3,184 shares in the last quarter. Legal & General Group Plc grew its position in shares of Atlantica Yield PLC by 73.2% during the third quarter. Legal & General Group Plc now owns 8,994 shares of the utilities provider’s stock worth $177,000 after buying an additional 3,800 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of Atlantica Yield PLC by 1.7% during the first quarter. TIAA CREF Investment Management LLC now owns 249,716 shares of the utilities provider’s stock worth $5,234,000 after buying an additional 4,059 shares in the last quarter. 49.14% of the stock is owned by institutional investors.

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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