River Road Asset Management LLC Decreases Stock Holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

River Road Asset Management LLC reduced its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 683,140 shares of the utilities provider’s stock after selling 92,910 shares during the quarter. River Road Asset Management LLC’s holdings in Atlantica Sustainable Infrastructure were worth $25,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AY. Trexquant Investment LP increased its position in Atlantica Sustainable Infrastructure by 5.5% during the 1st quarter. Trexquant Investment LP now owns 6,064 shares of the utilities provider’s stock valued at $222,000 after buying an additional 314 shares in the last quarter. UBS Group AG increased its position in Atlantica Sustainable Infrastructure by 0.5% during the 1st quarter. UBS Group AG now owns 72,466 shares of the utilities provider’s stock valued at $2,655,000 after buying an additional 351 shares in the last quarter. Captrust Financial Advisors increased its position in Atlantica Sustainable Infrastructure by 38.5% during the 1st quarter. Captrust Financial Advisors now owns 1,400 shares of the utilities provider’s stock valued at $51,000 after buying an additional 389 shares in the last quarter. Geode Capital Management LLC increased its position in Atlantica Sustainable Infrastructure by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 82,554 shares of the utilities provider’s stock valued at $3,023,000 after buying an additional 433 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its position in Atlantica Sustainable Infrastructure by 4.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 9,968 shares of the utilities provider’s stock valued at $373,000 after buying an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 42.64% of the company’s stock.

Several brokerages recently issued reports on AY. Raymond James reaffirmed an “outperform” rating and set a $47.00 target price on shares of Atlantica Sustainable Infrastructure in a research report on Wednesday, August 4th. UBS Group assumed coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, August 26th. They set a “neutral” rating and a $40.00 target price on the stock. Morgan Stanley increased their price objective on Atlantica Sustainable Infrastructure from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, August 19th. Tudor Pickering assumed coverage on Atlantica Sustainable Infrastructure in a report on Monday, June 28th. They issued a “hold” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research lowered Atlantica Sustainable Infrastructure from a “buy” rating to a “hold” rating in a report on Friday, August 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.67.

Shares of AY stock opened at $37.39 on Wednesday. The stock’s 50-day simple moving average is $38.36 and its 200-day simple moving average is $37.25. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.33 and a current ratio of 1.39. The firm has a market capitalization of $3.99 billion, a PE ratio of 113.52 and a beta of 0.65. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $26.31 and a fifty-two week high of $48.49.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its earnings results on Monday, August 2nd. The utilities provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). The company had revenue of $375.99 million for the quarter. Atlantica Sustainable Infrastructure had a return on equity of 1.89% and a net margin of 2.87%. Sell-side analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Tuesday, August 31st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.60%. The ex-dividend date is Monday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 1,433.33%.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants.

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Institutional Ownership by Quarter for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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