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

Stock analysts at StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a note issued to investors on Wednesday. The firm set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of AY stock opened at $22.08 on Wednesday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. Atlantica Sustainable Infrastructure has a fifty-two week low of $16.82 and a fifty-two week high of $23.47. The firm has a market cap of $2.56 billion, a P/E ratio of 66.91, a P/E/G ratio of 2.15 and a beta of 1.03. The business’s 50 day moving average price is $21.96 and its 200-day moving average price is $21.96.

Institutional Trading of Atlantica Sustainable Infrastructure

A number of hedge funds have recently modified their holdings of AY. Insight Folios Inc grew its stake in shares of Atlantica Sustainable Infrastructure by 2.4% in the 3rd 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 last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Atlantica Sustainable Infrastructure by 3.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after acquiring an additional 637 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 4.3% during the first quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 864 shares in the last quarter. Covestor Ltd raised 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 purchasing an additional 1,064 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Atlantica Sustainable Infrastructure by 4.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 1,132 shares in the last quarter. 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.