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

StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research note 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 traded up $0.01 during mid-day trading on Thursday, hitting $22.11. 1,068,941 shares of the stock were exchanged, compared to its average volume of 1,215,811. The company has a 50-day simple moving average of $21.98 and a 200 day simple moving average of $22.04. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. Atlantica Sustainable Infrastructure has a 12 month low of $16.82 and a 12 month high of $23.47. The company has a market capitalization of $2.57 billion, a P/E ratio of 67.00, a P/E/G ratio of 2.15 and a beta of 1.03.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Several hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Atlantica Sustainable Infrastructure in the second quarter valued at about $30,000. Private Trust Co. NA increased its position in Atlantica Sustainable Infrastructure by 362.1% during the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 1,995 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Atlantica Sustainable Infrastructure by 499.4% during the second 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 during the last quarter. BNP Paribas Financial Markets increased its position in shares of Atlantica Sustainable Infrastructure by 433.5% during the third 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 during the last quarter. Finally, Covestor Ltd increased its position in shares of Atlantica Sustainable Infrastructure by 12.8% during the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 1,064 shares during the last quarter. Hedge funds and other 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.