Atlantica Sustainable Infrastructure (NASDAQ:AY) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a report issued on Monday. The brokerage set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Price Performance

AY opened at $21.99 on Monday. The company’s 50-day moving average price is $22.03 and its two-hundred day moving average price is $22.03. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Several institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Atlantica Sustainable Infrastructure in the 2nd quarter worth about $30,000. Public Employees Retirement System of Ohio bought a new position in shares of Atlantica Sustainable Infrastructure in the third quarter valued at approximately $44,000. Private Trust Co. NA grew its stake 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 acquiring an additional 1,995 shares in the last quarter. Headlands Technologies LLC increased its holdings in Atlantica Sustainable Infrastructure by 499.4% during 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. Finally, BNP Paribas Financial Markets lifted its stake in Atlantica Sustainable Infrastructure by 433.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 6,064 shares in 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.