Rockefeller Capital Management L.P. Sells 129,837 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Rockefeller Capital Management L.P. lowered its stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 87.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,515 shares of the utilities provider’s stock after selling 129,837 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Atlantica Sustainable Infrastructure were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $30,000. 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 position 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 worth $90,000 after purchasing an additional 3,411 shares in the last quarter. BNP Paribas Financial Markets increased its position in Atlantica Sustainable Infrastructure by 433.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 6,064 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in Atlantica Sustainable Infrastructure by 58.3% in the 1st quarter. Cetera Advisors LLC now owns 16,775 shares of the utilities provider’s stock valued at $310,000 after buying an additional 6,177 shares during the period. 40.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Atlantica Sustainable Infrastructure in a report on Sunday. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Atlantica Sustainable Infrastructure presently has a consensus rating of “Hold” and a consensus price target of $22.20.

Atlantica Sustainable Infrastructure Trading Up 0.0 %

NASDAQ:AY opened at $21.99 on Wednesday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. The company’s 50 day moving average price is $22.03 and its 200-day moving average price is $22.05. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.82 and a 52 week high of $23.47.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be issued a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, November 29th. Atlantica Sustainable Infrastructure’s payout ratio is 306.91%.

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.