Atlantica Sustainable Infrastructure (NASDAQ:AY) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research note issued to investors on Thursday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Stock Performance

AY traded up $0.01 during trading on Thursday, hitting $22.11. The stock had a trading volume of 1,068,941 shares, compared to its average volume of 1,215,811. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. The firm has a market capitalization of $2.57 billion, a P/E ratio of 67.00, a PEG ratio of 2.15 and a beta of 1.03. The company’s 50-day moving average price is $21.98 and its 200 day moving average price is $22.04. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its holdings in Atlantica Sustainable Infrastructure by 61.0% in the 1st quarter. SG Americas Securities LLC now owns 16,378 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 6,203 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in Atlantica Sustainable Infrastructure during the first quarter worth $1,815,000. Covestor Ltd increased its position in Atlantica Sustainable Infrastructure by 12.8% in the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after buying an additional 1,064 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Atlantica Sustainable Infrastructure by 14.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 123,165 shares of the utilities provider’s stock valued at $2,276,000 after purchasing an additional 15,432 shares during the period. Finally, Keeley Teton Advisors LLC boosted its position in shares of Atlantica Sustainable Infrastructure by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 246,909 shares of the utilities provider’s stock valued at $4,563,000 after purchasing an additional 2,619 shares during the period. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

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.