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

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

Atlantica Sustainable Infrastructure Stock Up 0.1 %

AY opened at $22.00 on Monday. Atlantica Sustainable Infrastructure has a fifty-two week low of $16.82 and a fifty-two week high of $23.47. The firm has a market capitalization of $2.55 billion, a P/E ratio of 47.83, a PEG ratio of 2.14 and a beta of 1.03. The company’s 50-day moving average is $22.00 and its 200 day moving average is $21.69. 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 (NASDAQ:AY) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). The firm had revenue of $328.26 million for the quarter, compared to the consensus estimate of $315.07 million. Atlantica Sustainable Infrastructure had a return on equity of 2.54% and a net margin of 3.59%. Research analysts expect that Atlantica Sustainable Infrastructure will post 0.28 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 8.09%. The ex-dividend date was Friday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio is presently 386.96%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $30,000. Riverview Trust Co purchased a new stake in Atlantica Sustainable Infrastructure during the first quarter valued at about $42,000. Headlands Technologies LLC boosted its position in Atlantica Sustainable Infrastructure by 499.4% during the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 3,411 shares during the period. Covestor Ltd increased its stake in shares of Atlantica Sustainable Infrastructure by 12.8% in the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Atlantica Sustainable Infrastructure in the first quarter valued at approximately $196,000. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

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.