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

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

Atlantica Sustainable Infrastructure Price Performance

Shares of NASDAQ:AY opened at $21.99 on Wednesday. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47. The stock has a market cap of $2.55 billion, a P/E ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00. The business has a fifty day moving average of $22.04 and a two-hundred day moving average of $22.02. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Atlantica Sustainable Infrastructure in the second quarter worth $30,000. Public Employees Retirement System of Ohio acquired a new position in Atlantica Sustainable Infrastructure during the 3rd quarter worth $44,000. Private Trust Co. NA increased its holdings in Atlantica Sustainable Infrastructure by 362.1% during the 3rd quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 1,995 shares during the period. Headlands Technologies LLC raised its position in Atlantica Sustainable Infrastructure by 499.4% in the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 3,411 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Atlantica Sustainable Infrastructure by 433.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 6,064 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

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.