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

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

Atlantica Sustainable Infrastructure Stock Down 1.0 %

Shares of NASDAQ:AY opened at $21.94 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 3.36. The stock has a fifty day simple moving average of $22.03 and a two-hundred day simple moving average of $22.09. Atlantica Sustainable Infrastructure has a 12-month low of $16.82 and a 12-month high of $23.47. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 2.13 and a beta of 1.03.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of institutional investors have recently made changes to their positions in AY. Tidal Investments LLC boosted its stake in Atlantica Sustainable Infrastructure by 4.4% during the 1st quarter. Tidal Investments LLC now owns 35,474 shares of the utilities provider’s stock valued at $656,000 after purchasing an additional 1,503 shares during the last quarter. Virtu Financial LLC bought a new stake in Atlantica Sustainable Infrastructure in the 1st quarter worth about $196,000. Swedbank AB purchased a new position in Atlantica Sustainable Infrastructure in the 1st quarter worth about $4,103,000. Cetera Advisors LLC lifted its stake in Atlantica Sustainable Infrastructure by 58.3% during the 1st quarter. Cetera Advisors LLC now owns 16,775 shares of the utilities provider’s stock valued at $310,000 after acquiring an additional 6,177 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at about $2,195,000. Hedge funds and other institutional investors 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.