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

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

AY has been the subject of several other research reports. National Bankshares raised their target price on Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the stock a sector perform rating in a research note on Tuesday, May 28th. UBS Group downgraded Atlantica Sustainable Infrastructure from a buy rating to a neutral rating and cut their target price for the stock from $25.00 to $22.00 in a research note on Thursday, May 30th. BMO Capital Markets raised their target price on Atlantica Sustainable Infrastructure from $20.00 to $23.00 and gave the stock a market perform rating in a research note on Friday, May 10th. Royal Bank of Canada cut their target price on Atlantica Sustainable Infrastructure from $26.00 to $24.00 and set an outperform rating for the company in a research note on Monday, March 4th. Finally, Seaport Res Ptn downgraded Atlantica Sustainable Infrastructure from a strong-buy rating to a hold rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $22.67.

Atlantica Sustainable Infrastructure Trading Up 0.7 %

Shares of Atlantica Sustainable Infrastructure stock opened at $22.03 on Monday. Atlantica Sustainable Infrastructure has a 1 year low of $16.35 and a 1 year high of $25.22. The firm has a market cap of $2.56 billion, a PE ratio of 47.89, a P/E/G ratio of 1.31 and a beta of 1.02. The stock has a fifty day moving average price of $21.98 and a 200-day moving average price of $20.11. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.55 and a quick ratio of 1.50.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its earnings results on Tuesday, May 14th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. Atlantica Sustainable Infrastructure had a return on equity of 3.33% and a net margin of 4.94%. The firm had revenue of $242.93 million during the quarter, compared to analyst estimates of $240.87 million. During the same period last year, the firm posted ($0.09) EPS. Equities research analysts anticipate that Atlantica Sustainable Infrastructure will post 0.46 EPS for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.445 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.78 dividend on an annualized basis and a yield of 8.08%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is currently 386.96%.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

A number of large investors have recently bought and sold shares of the stock. Rational Advisors LLC grew its position in shares of Atlantica Sustainable Infrastructure by 113.8% in the 1st quarter. Rational Advisors LLC now owns 1,926 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,025 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Atlantica Sustainable Infrastructure in the 1st quarter worth approximately $42,000. Clean Yield Group grew its position in shares of Atlantica Sustainable Infrastructure by 71.4% in the 4th quarter. Clean Yield Group now owns 6,000 shares of the utilities provider’s stock worth $129,000 after buying an additional 2,500 shares during the last quarter. Covestor Ltd grew its position in shares of Atlantica Sustainable Infrastructure by 12.8% in the 1st quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after buying an additional 1,064 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Atlantica Sustainable Infrastructure in the 3rd quarter worth approximately $191,000. 40.53% of the stock is owned by hedge funds and other institutional investors.

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.