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

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

Atlantica Sustainable Infrastructure Price Performance

AY opened at $21.99 on Wednesday. The firm has a market capitalization of $2.55 billion, a PE ratio of 75.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The business’s 50-day moving average is $22.03 and its two-hundred day moving average is $22.02. Atlantica Sustainable Infrastructure has a 1 year low of $16.82 and a 1 year high of $23.47. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 29th were paid a dividend of $0.2225 per share. The ex-dividend date was Friday, November 29th. This represents a $0.89 annualized dividend and a yield of 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 306.91%.

Institutional Trading of Atlantica Sustainable Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Atlantica Sustainable Infrastructure in the second quarter valued at approximately $30,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 3rd quarter worth about $44,000. Private Trust Co. NA raised its holdings in Atlantica Sustainable Infrastructure by 362.1% in the 3rd quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 1,995 shares during the period. Headlands Technologies LLC increased 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 in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Atlantica Sustainable Infrastructure by 433.5% in the third quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 6,064 shares during the period. Institutional investors and hedge funds own 40.53% of the company’s stock.

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.