Atlantica Sustainable Infrastructure (NASDAQ:AY) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AYFree Report) in a report published on Saturday. The brokerage issued a sell rating on the utilities provider’s stock.

A number of other research firms have also issued reports on AY. National Bank Financial lowered shares of Atlantica Sustainable Infrastructure from an outperform rating to a sector perform rating in a research note on Wednesday, April 3rd. National Bankshares boosted their price target on shares of Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the stock a sector perform rating in a research report on Tuesday, May 28th. Seaport Res Ptn downgraded shares of Atlantica Sustainable Infrastructure from a strong-buy rating to a hold rating in a research report on Wednesday, May 29th. UBS Group downgraded shares of Atlantica Sustainable Infrastructure from a buy rating to a neutral rating and dropped their price target for the stock from $25.00 to $22.00 in a research report on Thursday, May 30th. Finally, Royal Bank of Canada dropped their price target on shares of Atlantica Sustainable Infrastructure from $26.00 to $24.00 and set an outperform rating on the stock in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Atlantica Sustainable Infrastructure currently has a consensus rating of Hold and an average target price of $22.67.

View Our Latest Report on Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure Price Performance

AY opened at $21.98 on Friday. The company has a 50-day moving average of $21.22 and a 200-day moving average of $19.98. The company has a market capitalization of $2.55 billion, a P/E ratio of 47.78, a PEG ratio of 1.31 and a beta of 1.02. Atlantica Sustainable Infrastructure has a 1-year low of $16.35 and a 1-year high of $25.22. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.50 and a current ratio of 1.55.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The utilities provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Atlantica Sustainable Infrastructure had a net margin of 4.94% and a return on equity of 3.33%. The business had revenue of $242.93 million during the quarter, compared to analyst estimates of $240.87 million. During the same period in the previous year, the business posted ($0.09) EPS. Equities analysts expect that Atlantica Sustainable Infrastructure will post 0.46 EPS for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date was Friday, May 31st. Atlantica Sustainable Infrastructure’s payout ratio is 386.96%.

Institutional Trading of Atlantica Sustainable Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its stake in Atlantica Sustainable Infrastructure by 36.6% during the 3rd quarter. Barclays PLC now owns 10,828 shares of the utilities provider’s stock valued at $207,000 after purchasing an additional 2,904 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Atlantica Sustainable Infrastructure by 14.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 360,060 shares of the utilities provider’s stock valued at $6,877,000 after purchasing an additional 46,607 shares during the last quarter. HighTower Advisors LLC raised its stake in Atlantica Sustainable Infrastructure by 112.3% during the 3rd quarter. HighTower Advisors LLC now owns 23,827 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 12,602 shares during the last quarter. Deutsche Bank AG increased its holdings in Atlantica Sustainable Infrastructure by 3.2% in the 3rd quarter. Deutsche Bank AG now owns 714,236 shares of the utilities provider’s stock valued at $13,642,000 after buying an additional 22,420 shares during the period. Finally, PNC Financial Services Group Inc. bought a new stake in Atlantica Sustainable Infrastructure in the 3rd quarter valued at $191,000. 40.53% of the stock is currently owned by institutional investors and hedge funds.

About Atlantica Sustainable Infrastructure

(Get Free Report)

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.

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Analyst Recommendations for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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