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

Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.20.

Separately, StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure in a report on Wednesday. They issued a “sell” rating on the stock.

Atlantica Sustainable Infrastructure Price Performance

Atlantica Sustainable Infrastructure stock opened at $21.99 on Friday. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20. The firm has a market capitalization of $2.55 billion, a PE ratio of 75.83, a P/E/G ratio of 2.14 and a beta of 1.00. Atlantica Sustainable Infrastructure has a fifty-two week low of $16.82 and a fifty-two week high of $23.47. The company’s 50-day moving average is $22.04 and its 200-day moving average is $22.02.

Atlantica Sustainable Infrastructure Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AY. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Atlantica Sustainable Infrastructure in the 2nd quarter valued at $30,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 3rd quarter worth about $44,000. Private Trust Co. NA grew its position in shares of Atlantica Sustainable Infrastructure by 362.1% in the 3rd 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. Headlands Technologies LLC lifted its holdings in shares of Atlantica Sustainable Infrastructure by 499.4% in the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 3,411 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Atlantica Sustainable Infrastructure by 433.5% in the third quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 6,064 shares during the period. 40.53% of the stock is owned by institutional investors and hedge funds.

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.