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

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

Atlantica Sustainable Infrastructure Price Performance

AY stock opened at $22.00 on Monday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 47.83, a P/E/G ratio of 2.14 and a beta of 1.03. 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 50 day simple moving average of $22.00 and a 200 day simple moving average of $21.69. Atlantica Sustainable Infrastructure has a 1 year low of $16.82 and a 1 year high of $23.47.

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

Atlantica Sustainable Infrastructure Dividend Announcement

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

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of AY. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Atlantica Sustainable Infrastructure by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after buying an additional 637 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Atlantica Sustainable Infrastructure by 4.3% during the 1st 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 during the period. Covestor Ltd boosted its stake in Atlantica Sustainable Infrastructure by 12.8% during the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 1,064 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Atlantica Sustainable Infrastructure by 4.1% in the first 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Atlantica Sustainable Infrastructure in the second quarter worth $30,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

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.