Standard Life Aberdeen plc reduced its position in shares of Atlantica Yield PLC (NASDAQ:AY) by 18.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 61,400 shares of the utilities provider’s stock after selling 13,600 shares during the period. Standard Life Aberdeen plc’s holdings in Atlantica Yield were worth $1,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of Montreal Can bought a new stake in Atlantica Yield during the 4th quarter valued at $30,000. Nisa Investment Advisors LLC bought a new stake in Atlantica Yield during the 4th quarter valued at $33,000. Tortoise Capital Advisors L.L.C. bought a new stake in Atlantica Yield during the 3rd quarter valued at $38,000. Tower Research Capital LLC TRC bought a new stake in Atlantica Yield during the 3rd quarter valued at $107,000. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in Atlantica Yield during the 3rd quarter valued at $114,000. Institutional investors own 48.77% of the company’s stock.

Atlantica Yield stock opened at $19.43 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.53 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $1.95 billion, a PE ratio of 46.26, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63. Atlantica Yield PLC has a 1-year low of $17.50 and a 1-year high of $21.22.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.62%. Atlantica Yield’s payout ratio is 352.38%.

Several analysts have issued reports on the company. Zacks Investment Research cut Atlantica Yield from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Raymond James reissued an “outperform” rating and issued a $27.50 price objective on shares of Atlantica Yield in a research report on Monday, December 17th. BidaskClub cut Atlantica Yield from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, ValuEngine cut Atlantica Yield from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.50.

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Atlantica Yield Company Profile

Atlantica Yield plc acquires, owns, and manages renewable energy natural gas, power, electric transmission lines, and water assets in North America, South America, Spain, Algeria, and South Africa. As of December 31, 2017, it had 22 assets, including 1,446 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; 1,099 miles of electric transmission lines; and desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

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Institutional Ownership by Quarter for Atlantica Yield (NASDAQ:AY)

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