Inspire Advisors LLC Has $1.54 Million Stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Inspire Advisors LLC cut its stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,057 shares of the utilities provider’s stock after selling 4,793 shares during the quarter. Inspire Advisors LLC owned 0.06% of Atlantica Sustainable Infrastructure worth $1,540,000 at the end of the most recent quarter.

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

Atlantica Sustainable Infrastructure Stock Performance

Shares of NASDAQ:AY remained flat at $21.98 on Friday. The stock had a trading volume of 67,028 shares, compared to its average volume of 1,236,174. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 2.14 and a beta of 1.03. Atlantica Sustainable Infrastructure plc has a twelve month low of $16.35 and a twelve month high of $23.47. The business has a 50-day moving average of $22.01 and a 200 day moving average of $21.57.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $328.26 million during the quarter, compared to analyst estimates of $315.07 million. As a group, equities research analysts predict that Atlantica Sustainable Infrastructure plc will post 0.28 earnings per share for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date was Friday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 386.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Atlantica Sustainable Infrastructure in a report on Sunday, October 13th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.43.

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.