The stock last traded at $22.38 which is marginally over the 50 day moving average which is $20.64 and a tad above the 200 day moving average of $20.73. The 50 day moving average moved up $1.74 and the 200 day average moved up $1.65. Atlantica Yield plc – Ordinary shares had a trading volume of 523K on Tuesday. Volume was down 16.46% under the stocks average daily volume.
Investors are a little more bullish on shares of Atlantica Yield plc – Ordinary if you consider the fall in short interest. The firm saw a fall in short interest of -6.23% as of October 13, 2017 from the last reporting period. Short shares fell from 589,229 to 552,520 over that period. With short interest at 552,520 and short average daily volume at 657,362, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.01% as of October 13.
The following firms have recently changed their position in ABY. As of the end of the quarter Wealthtrust-arizona, LLC had acquired a total of 291 shares growing its holdings by 38.7%. The value in dollars increased from $16,000 to $21,000 a change of 31.3% quarter to quarter. Boussard & Gavaudan Investment Management LLP grew its ownership by buying 8,105 shares an increase of 2.7%. Boussard & Gavaudan Investment Management LLP now controls 310,096 shares worth $6,087,000. The total value of its holdings decreased 4.3%.
As of quarter end Vaughan Nelson Investment Management, L.p. had bought 275 shares growing its position 8.5%. The value of the company’s investment in Atlantica Yield plc – Ordinary went from $69,000 to $69,000 decreasing 0.0% for the reporting period. First Trust Advisors LP downsized its stake by selling 3,940 shares a decrease of 3.8% from 06/30/2017 to 09/30/2017. First Trust Advisors LP currently owns 100,154 shares valued at $1,973,000. The value of the position overall is down by 11.2%.
The company is trading up by 0.45% percent from yesterday’s close. The company also recently announced a dividend that was paid on Friday September 15th, 2017. The dividend was $0.260 per share for the quarter which is $1.04 annualized. This dividend represents a yield of $4.67 which is the dividend as a percentage of the current share price. The ex-dividend date was Tuesday the 29th of August 2017.
Atlantica Yield plc – Ordinary currently has a P/E ratio of 72.19 and the market value is 2.24B. In the latest earnings report the EPS was $0.31 and is expected to be $0.47 for the current year with 100,217,000 shares currently outstanding. Next quarter’s EPS is forecasted at $-0.03 with next year’s EPS projected to be $0.83.
Atlantica Yield plc, formerly Abengoa Yield plc, launched on December 17, 2013, 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). The Business’s segments include North America, South America and EMEA. The Company operates in business sectors, including renewable energy, conventional power, electric transmission lines and water. As of December 31, 2016, the Company owned or had interests in 21 assets, comprising 1,442 megawatt (MW) of renewable energy generation, 300 MW of conventional power generation, 1,099 miles of electric transmission lines, as well as an exchangeable preferred equity investment in Abengoa Concessoes Brasil Holding S.A. (ACBH)..