Atlantica Sustainable Infrastructure (NASDAQ:AY) Now Covered by StockNews.com

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

Atlantica Sustainable Infrastructure Stock Performance

Shares of Atlantica Sustainable Infrastructure stock opened at $21.99 on Thursday. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20. The business has a fifty day simple moving average of $22.03 and a two-hundred day simple moving average of $22.02. Atlantica Sustainable Infrastructure has a 1 year low of $16.82 and a 1 year high of $23.47. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.83, a P/E/G ratio of 2.14 and a beta of 1.00.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 29th were paid a $0.2225 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.89 annualized dividend and a dividend yield of 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 306.91%.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Insight Folios Inc lifted its position in shares of Atlantica Sustainable Infrastructure by 2.4% during the 3rd quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock worth $542,000 after buying an additional 576 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Atlantica Sustainable Infrastructure by 3.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock valued at $382,000 after acquiring an additional 637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Atlantica Sustainable Infrastructure during the second quarter worth about $30,000. Private Trust Co. NA lifted its holdings in shares of Atlantica Sustainable Infrastructure by 362.1% in the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 1,995 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Atlantica Sustainable Infrastructure in the 3rd quarter valued at approximately $44,000. 40.53% of the stock is owned by institutional investors and hedge funds.

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.