Bright Futures Wealth Management LLC. Acquires Shares of 12,767 Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Bright Futures Wealth Management LLC. acquired a new stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 12,767 shares of the utilities provider’s stock, valued at approximately $236,000.

A number of other institutional investors also recently modified their holdings of the business. Private Advisor Group LLC increased its stake in shares of Atlantica Sustainable Infrastructure by 4.3% in the first quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock valued at $387,000 after buying an additional 864 shares during the period. Rational Advisors LLC increased its position in Atlantica Sustainable Infrastructure by 113.8% during the 1st quarter. Rational Advisors LLC now owns 1,926 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,025 shares during the period. Covestor Ltd increased its position in Atlantica Sustainable Infrastructure by 12.8% during the 1st quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,064 shares during the period. Commonwealth Equity Services LLC increased its position in Atlantica Sustainable Infrastructure by 4.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock valued at $532,000 after purchasing an additional 1,132 shares during the period. Finally, Sargent Investment Group LLC boosted its holdings in shares of Atlantica Sustainable Infrastructure by 2.9% during the 4th quarter. Sargent Investment Group LLC now owns 42,905 shares of the utilities provider’s stock worth $922,000 after buying an additional 1,205 shares in the last quarter. Institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of NASDAQ:AY traded up $0.01 during trading on Friday, reaching $22.15. The company had a trading volume of 783,144 shares, compared to its average volume of 941,688. The company has a fifty day moving average of $22.06 and a two-hundred day moving average of $20.26. The stock has a market capitalization of $2.57 billion, a P/E ratio of 48.15, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. Atlantica Sustainable Infrastructure plc has a 12 month low of $16.35 and a 12 month high of $23.57. The company has a current ratio of 1.55, a quick ratio of 1.50 and a debt-to-equity ratio of 3.25.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.50%. The business had revenue of $328.26 million for the quarter, compared to the consensus estimate of $315.07 million. Equities research analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.46 earnings per share for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.78 dividend on an annualized basis and a yield of 8.04%. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 386.96%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AY. Seaport Res Ptn cut Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. BMO Capital Markets increased their target price on Atlantica Sustainable Infrastructure from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, May 10th. National Bankshares increased their target price on Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 28th. UBS Group cut 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 report on Thursday, May 30th. Finally, StockNews.com began coverage on Atlantica Sustainable Infrastructure in a report on Friday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Atlantica Sustainable Infrastructure has a consensus rating of “Hold” and an average price target of $22.67.

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.