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

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

Atlantica Sustainable Infrastructure Stock Up 0.0 %

Shares of Atlantica Sustainable Infrastructure stock opened at $22.09 on Wednesday. Atlantica Sustainable Infrastructure has a one year low of $16.82 and a one year high of $23.47. The company has a market cap of $2.56 billion, a P/E ratio of 66.94, a PEG ratio of 2.15 and a beta of 1.03. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. The firm has a fifty day moving average of $21.96 and a two-hundred day moving average of $21.96.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of AY. GSA Capital Partners LLP acquired a new position in shares of Atlantica Sustainable Infrastructure during the 3rd quarter worth approximately $1,356,000. Entropy Technologies LP acquired a new position in shares of Atlantica Sustainable Infrastructure in the third quarter worth $567,000. Wolverine Asset Management LLC lifted its position in shares of Atlantica Sustainable Infrastructure by 321.5% in the third quarter. Wolverine Asset Management LLC now owns 105,803 shares of the utilities provider’s stock valued at $2,326,000 after acquiring an additional 80,703 shares in the last quarter. Insight Folios Inc boosted its stake in shares of Atlantica Sustainable Infrastructure by 2.4% during the third 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 last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Atlantica Sustainable Infrastructure during the 3rd quarter worth about $5,385,000. 40.53% of the stock is owned by institutional investors and hedge funds.

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.