BlackRock Inc. raised its holdings in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 27.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,482,998 shares of the utilities provider’s stock after purchasing an additional 1,618,673 shares during the period. BlackRock Inc. owned 0.07% of Atlantica Sustainable Infrastructure worth $274,102,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure during the first quarter valued at approximately $26,976,000. First Trust Advisors LP grew its holdings in shares of Atlantica Sustainable Infrastructure by 3.8% during the first quarter. First Trust Advisors LP now owns 97,845 shares of the utilities provider’s stock valued at $1,904,000 after buying an additional 3,562 shares during the last quarter. FWL Investment Management LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure during the fourth quarter valued at approximately $5,299,000. Victory Capital Management Inc. grew its holdings in shares of Atlantica Sustainable Infrastructure by 7.9% during the fourth quarter. Victory Capital Management Inc. now owns 453,577 shares of the utilities provider’s stock valued at $17,226,000 after buying an additional 33,254 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of Atlantica Sustainable Infrastructure by 22.1% during the fourth quarter. AE Wealth Management LLC now owns 9,551 shares of the utilities provider’s stock valued at $363,000 after buying an additional 1,729 shares during the last quarter. 44.69% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of Atlantica Sustainable Infrastructure from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, April 20th. Raymond James increased their price target on shares of Atlantica Sustainable Infrastructure to $61.00 and gave the company an “outperform” rating in a report on Friday, May 7th. Finally, Zacks Investment Research cut shares of Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a report on Tuesday, April 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $48.25.
Atlantica Sustainable Infrastructure (NASDAQ:AY) last issued its earnings results on Wednesday, May 5th. The utilities provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.04). Atlantica Sustainable Infrastructure had a return on equity of 1.93% and a net margin of 3.21%. The company had revenue of $235.19 million during the quarter. On average, analysts predict that Atlantica Sustainable Infrastructure plc will post 0.94 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 31st will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $1.72 annualized dividend and a yield of 4.59%. This is a boost from Atlantica Sustainable Infrastructure’s previous quarterly dividend of $0.42. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is currently 1,433.33%.
Atlantica Sustainable Infrastructure Company Profile
Atlantica Sustainable Infrastructure plc owns and manages renewable energy, natural gas, transmission and transportation infrastructures, and water assets in the United States, Canada, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. It owns 28 assets comprising 1,591 MW of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 1,166 miles of electric transmission lines; and 17.5 million cubic feet per day of water desalination assets.
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