Healthcare of Ontario Pension Plan Trust Fund Lowers Stock Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 51.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,982 shares of the utilities provider’s stock after selling 62,934 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.05% of Atlantica Sustainable Infrastructure worth $1,318,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Insight Folios Inc grew its holdings in Atlantica Sustainable Infrastructure by 2.4% in the third quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 576 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Atlantica Sustainable Infrastructure by 3.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after buying an additional 637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Atlantica Sustainable Infrastructure during the 2nd quarter valued at approximately $30,000. Tidal Investments LLC increased its position in Atlantica Sustainable Infrastructure by 4.4% during the 1st quarter. Tidal Investments LLC now owns 35,474 shares of the utilities provider’s stock valued at $656,000 after buying an additional 1,503 shares in the last quarter. Finally, Private Trust Co. NA raised its stake 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 valued at $56,000 after buying an additional 1,995 shares during the last quarter. 40.53% of the stock is currently owned by institutional investors.

Atlantica Sustainable Infrastructure Stock Down 1.0 %

AY stock opened at $21.94 on Monday. The stock has a market capitalization of $2.55 billion, a P/E ratio of 75.66, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20. Atlantica Sustainable Infrastructure plc has a 1-year low of $16.82 and a 1-year high of $23.47. The business has a fifty day moving average price of $22.03 and a 200-day moving average price of $22.09.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be given a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Friday, November 29th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 613.81%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Atlantica Sustainable Infrastructure in a research note on Saturday. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has an average rating of “Hold” and a consensus target price of $22.20.

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.