Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,165 shares of the utilities provider’s stock after purchasing an additional 15,432 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.11% of Atlantica Sustainable Infrastructure worth $2,276,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Atlantica Sustainable Infrastructure in the 4th quarter worth $15,487,000. Westwood Holdings Group Inc. lifted its stake in shares of Atlantica Sustainable Infrastructure by 140.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 448,473 shares of the utilities provider’s stock worth $9,642,000 after acquiring an additional 261,825 shares during the period. Tritonpoint Wealth LLC purchased a new position in shares of Atlantica Sustainable Infrastructure in the 4th quarter valued at about $4,007,000. Rock Point Advisors LLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 196.5% in the 4th quarter. Rock Point Advisors LLC now owns 231,587 shares of the utilities provider’s stock valued at $4,979,000 after purchasing an additional 153,482 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Atlantica Sustainable Infrastructure in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. National Bankshares raised their target price on shares of Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, May 28th. Seaport Res Ptn cut shares of Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. BMO Capital Markets lifted their price target on shares of Atlantica Sustainable Infrastructure from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Friday, May 10th. UBS Group cut shares of Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $22.00 in a research report on Thursday, May 30th. Finally, National Bank Financial cut shares of Atlantica Sustainable Infrastructure from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.67.

Atlantica Sustainable Infrastructure Stock Performance

AY stock traded down $0.01 during trading on Thursday, hitting $22.04. 860,710 shares of the company’s stock traded hands, compared to its average volume of 1,331,264. The company has a quick ratio of 1.50, a current ratio of 1.55 and a debt-to-equity ratio of 3.25. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.35 and a 52 week high of $25.22. The stock has a fifty day moving average price of $22.18 and a two-hundred day moving average price of $20.18. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its quarterly earnings results on Tuesday, May 14th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. Atlantica Sustainable Infrastructure had a net margin of 4.94% and a return on equity of 3.33%. The company had revenue of $242.93 million during the quarter, compared to the consensus estimate of $240.87 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. As a group, equities analysts anticipate that Atlantica Sustainable Infrastructure plc will post 0.46 EPS for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 8.08%. The ex-dividend date was Friday, May 31st. Atlantica Sustainable Infrastructure’s payout ratio is currently 386.96%.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.