Analysts Set Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Price Target at $22.43

Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) have earned a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.67.

Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a report on Sunday, October 13th. They issued a “sell” rating for the company.

Institutional Trading of Atlantica Sustainable Infrastructure

Several large investors have recently bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of Atlantica Sustainable Infrastructure during the 1st quarter valued at $42,000. Abundance Wealth Counselors lifted its position in Atlantica Sustainable Infrastructure by 23.1% during the 1st quarter. Abundance Wealth Counselors now owns 32,163 shares of the utilities provider’s stock valued at $594,000 after acquiring an additional 6,045 shares during the period. Insight Folios Inc boosted its stake in Atlantica Sustainable Infrastructure by 7.1% during the first quarter. Insight Folios Inc now owns 24,640 shares of the utilities provider’s stock worth $455,000 after acquiring an additional 1,640 shares in the last quarter. American Institute for Advanced Investment Management LLP purchased a new stake in Atlantica Sustainable Infrastructure in the first quarter worth about $203,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Atlantica Sustainable Infrastructure by 4.1% during the first quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock valued at $532,000 after purchasing an additional 1,132 shares in the last quarter. 40.53% of the stock is owned by institutional investors.

Atlantica Sustainable Infrastructure Stock Up 0.1 %

Shares of NASDAQ AY opened at $22.00 on Tuesday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. The stock has a market capitalization of $2.55 billion, a PE ratio of 47.83, a P/E/G ratio of 2.14 and a beta of 1.03. Atlantica Sustainable Infrastructure has a one year low of $16.35 and a one year high of $23.47. The business’s fifty day moving average price is $22.00 and its 200-day moving average price is $21.61.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. The business had revenue of $328.26 million for the quarter, compared to analysts’ expectations of $315.07 million. On average, equities research analysts anticipate that Atlantica Sustainable Infrastructure will post 0.28 EPS for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

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

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.