Atlantica Sustainable Infrastructure (NASDAQ:AY) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research report released on Sunday morning. The firm issued a sell rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Trading Up 0.0 %

Shares of NASDAQ:AY opened at $21.99 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. The stock has a market cap of $2.55 billion, a PE ratio of 75.83, a P/E/G ratio of 2.14 and a beta of 1.00. The business has a 50 day moving average of $22.03 and a 200-day moving average of $22.05. Atlantica Sustainable Infrastructure has a 12-month low of $16.82 and a 12-month high of $23.47.

Atlantica Sustainable Infrastructure Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be paid a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Friday, November 29th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is currently 306.91%.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Several institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Atlantica Sustainable Infrastructure during the second quarter valued at approximately $30,000. Public Employees Retirement System of Ohio acquired a new position in Atlantica Sustainable Infrastructure during the third quarter valued at approximately $44,000. Private Trust Co. NA raised 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 valued at $56,000 after purchasing an additional 1,995 shares in the last quarter. Headlands Technologies LLC raised 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 valued at $90,000 after purchasing an additional 3,411 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in 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 purchasing an additional 6,064 shares in the last quarter. 40.53% of the stock is currently owned by 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.