Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Short Interest Down 5.8% in September

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,440,000 shares, a decrease of 5.8% from the August 31st total of 2,590,000 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Atlantica Sustainable Infrastructure in a research note on Friday. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.67.

Atlantica Sustainable Infrastructure Price Performance

AY stock traded down $0.01 during trading on Monday, hitting $22.02. 210,773 shares of the stock traded hands, compared to its average volume of 1,273,116. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 47.89, a P/E/G ratio of 2.14 and a beta of 1.03. Atlantica Sustainable Infrastructure has a one year low of $16.35 and a one year high of $23.47. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 3.26. The company has a 50 day simple moving average of $22.04 and a 200 day simple moving average of $21.22.

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

Atlantica Sustainable Infrastructure Dividend Announcement

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

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Atlantica Sustainable Infrastructure in the 4th quarter valued at about $15,487,000. Hsbc Holdings PLC acquired a new stake in Atlantica Sustainable Infrastructure during the 4th quarter worth $1,138,000. Keeley Teton Advisors LLC grew its holdings in Atlantica Sustainable Infrastructure by 1.3% during the 4th quarter. Keeley Teton Advisors LLC now owns 244,290 shares of the utilities provider’s stock worth $5,252,000 after acquiring an additional 3,222 shares during the period. Waterloo Capital L.P. bought a new stake in shares of Atlantica Sustainable Infrastructure during the 4th quarter valued at $1,995,000. Finally, 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 valued at $9,642,000 after purchasing an additional 261,825 shares during the period. 40.53% of the stock is owned by institutional investors and hedge funds.

About Atlantica Sustainable Infrastructure

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.