Healthcare of Ontario Pension Plan Trust Fund Sells 62,934 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Healthcare of Ontario Pension Plan Trust Fund lowered its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 51.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,982 shares of the utilities provider’s stock after selling 62,934 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Atlantica Sustainable Infrastructure were worth $1,318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AY. Alpine Associates Management Inc. raised its position in Atlantica Sustainable Infrastructure by 54.0% in the third quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock worth $36,542,000 after acquiring an additional 582,821 shares during the period. Picton Mahoney Asset Management bought a new position in Atlantica Sustainable Infrastructure in the 2nd quarter worth $13,719,000. Glazer Capital LLC purchased a new position in Atlantica Sustainable Infrastructure during the second quarter valued at $13,629,000. Water Island Capital LLC bought a new stake in Atlantica Sustainable Infrastructure during the second quarter valued at about $13,438,000. Finally, Citigroup Inc. increased its position in Atlantica Sustainable Infrastructure by 356.8% in the third quarter. Citigroup Inc. now owns 278,828 shares of the utilities provider’s stock worth $6,129,000 after buying an additional 217,790 shares in the last quarter. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

NASDAQ:AY opened at $21.94 on Monday. The business’s 50-day simple moving average is $22.03 and its two-hundred day simple moving average is $22.09. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.82 and a 52 week high of $23.47. The stock has a market cap of $2.55 billion, a PE ratio of 75.66, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be paid a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, November 29th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 613.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Atlantica Sustainable Infrastructure in a research report on Saturday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Atlantica Sustainable Infrastructure currently has an average rating of “Hold” and an average target price of $22.20.

Atlantica Sustainable Infrastructure 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.