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

StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a report released on Thursday 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 Thursday. 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 stock has a market capitalization of $2.55 billion, a P/E ratio of 75.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Atlantica Sustainable Infrastructure has a 12-month low of $16.82 and a 12-month high of $23.47. The company has a 50-day simple moving average of $22.03 and a 200 day simple moving average of $22.02.

Atlantica Sustainable Infrastructure Cuts Dividend

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

Institutional Trading of Atlantica Sustainable Infrastructure

Several hedge funds have recently added to or reduced their stakes in AY. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Atlantica Sustainable Infrastructure in the second quarter valued at approximately $30,000. Public Employees Retirement System of Ohio acquired a new stake in Atlantica Sustainable Infrastructure in the 3rd quarter valued at $44,000. Private Trust Co. NA lifted its position in Atlantica Sustainable Infrastructure by 362.1% during the 3rd quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after buying an additional 1,995 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of 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 buying an additional 3,411 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Atlantica Sustainable Infrastructure by 433.5% in the 3rd 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 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.