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

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

Atlantica Sustainable Infrastructure Stock Performance

Shares of Atlantica Sustainable Infrastructure stock opened at $21.99 on Tuesday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.20 and a current ratio of 1.25. The stock has a market cap of $2.55 billion, a PE ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00. The firm has a 50-day moving average of $22.03 and a 200-day moving average of $22.02. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47.

Atlantica Sustainable Infrastructure Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were issued a dividend of $0.2225 per share. The ex-dividend date was Friday, November 29th. This represents a $0.89 annualized dividend and a dividend yield of 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 306.91%.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Several institutional investors have recently bought and sold shares of the stock. Insight Folios Inc raised its holdings in Atlantica Sustainable Infrastructure by 2.4% during the 3rd quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock valued at $542,000 after acquiring an additional 576 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in 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 buying an additional 637 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $30,000. Private Trust Co. NA grew its stake in shares of Atlantica Sustainable Infrastructure by 362.1% during the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock valued at $56,000 after buying an additional 1,995 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Atlantica Sustainable Infrastructure during the 3rd quarter worth approximately $44,000. 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.