Atlantica Sustainable Infrastructure (NASDAQ:AY) Research Coverage Started at StockNews.com

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

Atlantica Sustainable Infrastructure Trading Down 0.0 %

Shares of NASDAQ AY opened at $22.13 on Friday. The firm has a 50 day moving average price of $22.01 and a two-hundred day moving average price of $22.10. The stock has a market cap of $2.57 billion, a P/E ratio of 76.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.20 and a current ratio of 1.25.

Atlantica Sustainable Infrastructure Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be paid a $0.2225 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.89 dividend on an annualized basis and a yield of 4.02%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 613.81%.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Insight Folios Inc grew its holdings in Atlantica Sustainable Infrastructure by 2.4% during the third quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 576 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Atlantica Sustainable Infrastructure by 3.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after acquiring an additional 637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter worth about $30,000. Tidal Investments LLC raised its stake in Atlantica Sustainable Infrastructure by 4.4% in the 1st quarter. Tidal Investments LLC now owns 35,474 shares of the utilities provider’s stock valued at $656,000 after acquiring an additional 1,503 shares during the period. Finally, Private Trust Co. NA lifted its holdings in Atlantica Sustainable Infrastructure by 362.1% during the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 1,995 shares during the last quarter. 40.53% of the stock is owned by hedge funds and other institutional investors.

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.