Atlantica Sustainable Infrastructure (NASDAQ:AY) Earns Sell Rating from Analysts at StockNews.com

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

A number of other research analysts have also commented on the company. Seaport Res Ptn lowered Atlantica Sustainable Infrastructure from a strong-buy rating to a hold rating in a report on Wednesday, May 29th. UBS Group lowered Atlantica Sustainable Infrastructure from a buy rating to a neutral rating and lowered their price objective for the company from $25.00 to $22.00 in a report on Thursday, May 30th. Finally, National Bankshares increased their price objective on Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the company a sector perform rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure has a consensus rating of Hold and an average target price of $22.67.

Atlantica Sustainable Infrastructure Stock Performance

Shares of NASDAQ AY opened at $21.93 on Wednesday. The business’s 50-day moving average price is $22.05 and its two-hundred day moving average price is $20.88. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. Atlantica Sustainable Infrastructure has a one year low of $16.35 and a one year high of $23.47. The company has a market capitalization of $2.55 billion, a P/E ratio of 47.67, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. The firm had revenue of $328.26 million during the quarter, compared to analysts’ expectations of $315.07 million. Analysts anticipate that Atlantica Sustainable Infrastructure will post 0.28 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.445 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 8.12%. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 386.96%.

Institutional Trading of Atlantica Sustainable Infrastructure

Hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Atlantica Sustainable Infrastructure during the 4th quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter worth approximately $30,000. Riverview Trust Co bought a new position in shares of Atlantica Sustainable Infrastructure during the 1st quarter worth approximately $42,000. Headlands Technologies LLC lifted its position 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 period. Finally, Covestor Ltd lifted its position in shares of Atlantica Sustainable Infrastructure by 12.8% during the 1st quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after buying an additional 1,064 shares during the period. Institutional investors 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.