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

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

Atlantica Sustainable Infrastructure Price Performance

AY stock opened at $21.94 on Friday. The stock has a market cap of $2.55 billion, a P/E ratio of 75.66, a PEG ratio of 2.16 and a beta of 1.03. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 3.36. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47. The company’s 50 day moving average is $22.03 and its two-hundred day moving average is $22.09.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be given a dividend of $0.2225 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.06%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 306.90%.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

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