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

StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research report report published on Friday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Separately, UBS Group downgraded shares of Atlantica Sustainable Infrastructure from a buy rating to a neutral rating and decreased their target price for the stock from $25.00 to $22.00 in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $22.67.

Atlantica Sustainable Infrastructure Trading Up 0.1 %

AY opened at $22.03 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26. Atlantica Sustainable Infrastructure has a 52 week low of $16.35 and a 52 week high of $23.47. The business’s 50 day moving average is $22.04 and its two-hundred day moving average is $21.19. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. The business had revenue of $328.26 million during the quarter, compared to analyst estimates of $315.07 million. On average, research analysts predict that Atlantica Sustainable Infrastructure will post 0.28 EPS for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.445 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.78 dividend on an annualized basis and a yield of 8.08%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 386.96%.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter worth approximately $30,000. Riverview Trust Co purchased a new position in shares of Atlantica Sustainable Infrastructure in the 1st quarter valued at $42,000. Headlands Technologies LLC boosted its holdings in Atlantica Sustainable Infrastructure by 499.4% in the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 3,411 shares during the period. Covestor Ltd grew its holdings in Atlantica Sustainable Infrastructure by 12.8% during the 1st quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure during the first quarter worth about $196,000. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

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.