Atlantica Sustainable Infrastructure (NASDAQ:AY) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a report published on Tuesday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Stock Up 0.1 %

Shares of Atlantica Sustainable Infrastructure stock opened at $22.08 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26. The company has a market cap of $2.56 billion, a P/E ratio of 66.91, a PEG ratio of 2.14 and a beta of 1.03. The firm’s 50 day moving average price is $21.97 and its 200-day moving average price is $21.84. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). The firm had revenue of $328.26 million during the quarter, compared to analysts’ expectations of $315.07 million. Atlantica Sustainable Infrastructure had a return on equity of 2.54% and a net margin of 3.59%. On average, sell-side analysts predict that Atlantica Sustainable Infrastructure will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of large investors have recently modified their holdings of AY. Insight Folios Inc lifted its stake in shares of Atlantica Sustainable Infrastructure by 2.4% during the third quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock worth $542,000 after buying an additional 576 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in Atlantica Sustainable Infrastructure in the 3rd quarter worth $5,385,000. Handelsbanken Fonder AB lifted its position in Atlantica Sustainable Infrastructure by 23.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 26,991 shares of the utilities provider’s stock worth $593,000 after acquiring an additional 5,200 shares during the period. Syquant Capital Sas purchased a new stake in Atlantica Sustainable Infrastructure during the 3rd quarter valued at about $1,826,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Atlantica Sustainable Infrastructure in the second quarter valued at about $30,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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.