Atlantica Sustainable Infrastructure (NASDAQ:AY) Sees Unusually-High Trading Volume

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) saw unusually-high trading volume on Tuesday . Approximately 1,910,993 shares changed hands during mid-day trading, an increase of 108% from the previous session’s volume of 919,152 shares.The stock last traded at $20.17 and had previously closed at $18.51.

Wall Street Analyst Weigh In

AY has been the subject of several analyst reports. Bank of America decreased their price objective on shares of Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. BMO Capital Markets decreased their price objective on shares of Atlantica Sustainable Infrastructure from $24.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, March 5th. UBS Group upgraded shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and increased their price objective for the company from $19.00 to $25.00 in a research note on Friday, March 22nd. StockNews.com lowered shares of Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada decreased their price target on shares of Atlantica Sustainable Infrastructure from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has a consensus rating of “Hold” and an average target price of $23.67.

Atlantica Sustainable Infrastructure Stock Performance

The company’s fifty day moving average is $18.26 and its 200 day moving average is $18.99. The company has a market capitalization of $2.32 billion, a P/E ratio of 47.55, a P/E/G ratio of 1.10 and a beta of 0.97. The company has a current ratio of 1.62, a quick ratio of 1.57 and a debt-to-equity ratio of 3.14.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last released its quarterly earnings data on Friday, March 1st. The utilities provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.23) by $0.25. The company had revenue of $241.31 million during the quarter, compared to the consensus estimate of $243.81 million. Atlantica Sustainable Infrastructure had a net margin of 4.43% and a return on equity of 2.91%. During the same period last year, the firm earned $0.03 EPS. As a group, equities analysts anticipate that Atlantica Sustainable Infrastructure plc will post 0.5 earnings per share for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 12th were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 8.91%. The ex-dividend date was Monday, March 11th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 423.82%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new position in Atlantica Sustainable Infrastructure in the 4th quarter valued at $27,000. Rational Advisors LLC boosted its holdings in Atlantica Sustainable Infrastructure by 113.8% in the 1st quarter. Rational Advisors LLC now owns 1,926 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,025 shares during the period. Riverview Trust Co bought a new position in Atlantica Sustainable Infrastructure in the 1st quarter valued at $42,000. IFP Advisors Inc boosted its holdings in Atlantica Sustainable Infrastructure by 37.1% in the 3rd quarter. IFP Advisors Inc now owns 2,578 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 698 shares during the period. Finally, Clear Street Markets LLC bought a new position in Atlantica Sustainable Infrastructure in the 3rd quarter valued at $50,000. 40.53% of the stock is 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.