Atlantica Sustainable Infrastructure plc (NASDAQ:AY) – Equities research analysts at Raymond James upped their FY2021 EPS estimates for Atlantica Sustainable Infrastructure in a research report issued on Thursday, April 8th. Raymond James analyst D. Quezada now expects that the utilities provider will post earnings per share of $0.86 for the year, up from their previous forecast of $0.84. Raymond James currently has a “Outperform” rating and a $50.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a research note on Wednesday, February 17th. Seaport Global Securities raised shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, December 15th. Finally, Morgan Stanley decreased their price target on shares of Atlantica Sustainable Infrastructure from $51.00 to $45.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Atlantica Sustainable Infrastructure currently has a consensus rating of “Hold” and a consensus price target of $46.00.
Atlantica Sustainable Infrastructure (NASDAQ:AY) last issued its quarterly earnings data on Sunday, February 28th. The utilities provider reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.63). The business had revenue of $244.53 million during the quarter. Atlantica Sustainable Infrastructure had a net margin of 6.37% and a return on equity of 3.86%.
The company also recently declared a quarterly dividend, which was paid on Monday, March 22nd. Shareholders of record on Friday, March 12th were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, March 11th. This represents a $1.68 annualized dividend and a dividend yield of 4.37%. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 275.41%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its position in shares of Atlantica Sustainable Infrastructure by 93.6% in the fourth quarter. Advisory Services Network LLC now owns 666 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 322 shares during the last quarter. Bartlett & Co. LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure in the fourth quarter worth approximately $38,000. Clean Yield Group acquired a new stake in shares of Atlantica Sustainable Infrastructure in the fourth quarter worth approximately $57,000. Walter & Keenan Financial Consulting Co. MI ADV acquired a new stake in shares of Atlantica Sustainable Infrastructure in the fourth quarter worth approximately $114,000. Finally, Barclays PLC acquired a new stake in shares of Atlantica Sustainable Infrastructure in the fourth quarter worth approximately $186,000. 37.81% of the stock is currently owned by institutional investors and hedge funds.
About Atlantica Sustainable Infrastructure
Atlantica Sustainable Infrastructure plc owns and manages renewable energy, natural gas, transmission and transportation infrastructures, and water assets in the United States, Canada, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. It owns 28 assets comprising 1,591 MW of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 1,166 miles of electric transmission lines; and 17.5 million cubic feet per day of water desalination assets.
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