Atlantica Sustainable Infrastructure (NASDAQ:AY) Research Coverage Started at StockNews.com

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

Atlantica Sustainable Infrastructure Trading Up 0.2 %

NASDAQ AY opened at $21.97 on Friday. The stock has a market cap of $2.55 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The stock has a 50 day simple moving average of $22.03 and a two-hundred day simple moving average of $21.41. Atlantica Sustainable Infrastructure has a fifty-two week low of $16.35 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its quarterly earnings data 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 analysts’ expectations of $315.07 million. Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. On average, analysts forecast that Atlantica Sustainable Infrastructure will post 0.28 earnings per share for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors 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 8.10%. The ex-dividend date was Friday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is currently 386.96%.

Institutional Trading of Atlantica Sustainable Infrastructure

A number of institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Atlantica Sustainable Infrastructure during the second quarter valued at about $30,000. Riverview Trust Co purchased a new position in shares of Atlantica Sustainable Infrastructure during the first quarter valued at about $42,000. Headlands Technologies LLC boosted its position in shares of Atlantica Sustainable Infrastructure by 499.4% during the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 3,411 shares during the last quarter. Covestor Ltd raised its position in shares of Atlantica Sustainable Infrastructure by 12.8% during the 1st quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock valued at $173,000 after buying an additional 1,064 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Atlantica Sustainable Infrastructure in the 1st quarter worth approximately $196,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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.