Atlantica Sustainable Infrastructure (NASDAQ:AY) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the utilities provider’s stock.

A number of other brokerages have also issued reports on AY. National Bankshares raised their target price on shares of Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 28th. UBS Group downgraded shares of Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $22.00 in a research report on Thursday, May 30th. Finally, Seaport Res Ptn cut shares of Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. One 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 data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has an average rating of “Hold” and an average target price of $22.67.

Atlantica Sustainable Infrastructure Trading Up 0.0 %

NASDAQ:AY opened at $21.90 on Wednesday. Atlantica Sustainable Infrastructure has a 1 year low of $16.35 and a 1 year high of $23.47. The stock has a market cap of $2.54 billion, a P/E ratio of 47.61, a P/E/G ratio of 1.39 and a beta of 1.03. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. The stock has a 50-day simple moving average of $22.06 and a 200-day simple moving average of $20.86.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The company had revenue of $328.26 million for the quarter, compared to analysts’ expectations of $315.07 million. Atlantica Sustainable Infrastructure had a return on equity of 2.54% and a net margin of 3.59%. As a group, analysts anticipate that Atlantica Sustainable Infrastructure will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC grew its holdings in Atlantica Sustainable Infrastructure by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock valued at $382,000 after buying an additional 637 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Atlantica Sustainable Infrastructure by 4.3% during the first quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 864 shares during the last quarter. Covestor Ltd boosted its stake in shares of Atlantica Sustainable Infrastructure by 12.8% during the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 1,064 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Atlantica Sustainable Infrastructure by 4.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $30,000. 40.53% of the stock is owned by institutional investors and hedge funds.

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.