Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Receives Consensus Rating of “Hold” from Brokerages

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has been given a consensus rating of “Hold” by the eight research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $22.67.

Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a report on Sunday, October 13th. They set a “sell” rating on the stock.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its holdings in Atlantica Sustainable Infrastructure by 110.8% in the first quarter. Lazard Asset Management LLC now owns 9,826,614 shares of the utilities provider’s stock valued at $181,595,000 after acquiring an additional 5,164,084 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Atlantica Sustainable Infrastructure in the 2nd quarter worth approximately $23,699,000. Picton Mahoney Asset Management purchased a new position in shares of Atlantica Sustainable Infrastructure in the second quarter worth approximately $13,719,000. Glazer Capital LLC bought a new stake in Atlantica Sustainable Infrastructure during the second quarter valued at approximately $13,629,000. Finally, Water Island Capital LLC bought a new stake in Atlantica Sustainable Infrastructure during the second quarter valued at approximately $13,438,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of NASDAQ:AY opened at $22.00 on Tuesday. The business has a fifty day moving average price of $22.00 and a 200-day moving average price of $21.61. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. The company has a market capitalization of $2.55 billion, a PE ratio of 47.83, a PEG ratio of 2.14 and a beta of 1.03. Atlantica Sustainable Infrastructure has a 1-year low of $16.35 and a 1-year high of $23.47.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). The firm had revenue of $328.26 million for the quarter, compared to analysts’ expectations of $315.07 million. Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. As a group, equities analysts expect that Atlantica Sustainable Infrastructure will post 0.28 EPS for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 8.09%. The ex-dividend date was Friday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 386.96%.

About Atlantica Sustainable Infrastructure

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.