Atlantica Sustainable Infrastructure (NASDAQ:AY – Free Report) had its target price lifted by National Bankshares from $20.00 to $22.00 in a research note released on Tuesday morning, BayStreet.CA reports. They currently have a sector perform rating on the utilities provider’s stock.
Several other research firms have also weighed in on AY. StockNews.com lowered shares of Atlantica Sustainable Infrastructure from a hold rating to a sell rating in a research report on Friday, May 17th. Bank of America reduced their price target on shares of Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a buy rating for the company in a research report on Tuesday, March 26th. UBS Group upgraded shares of Atlantica Sustainable Infrastructure from a neutral rating to a buy rating and increased their price target for the company from $19.00 to $25.00 in a research report on Friday, March 22nd. National Bank Financial lowered shares of Atlantica Sustainable Infrastructure from an outperform rating to a sector perform rating in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada reduced 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 report on Monday, March 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $23.00.
Get Our Latest Stock Report on AY
Atlantica Sustainable Infrastructure Stock Down 5.2 %
Atlantica Sustainable Infrastructure stock opened at $22.21 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.55 and a debt-to-equity ratio of 3.25. Atlantica Sustainable Infrastructure has a 12-month low of $16.35 and a 12-month high of $25.22. The firm’s fifty day moving average is $20.09 and its 200 day moving average is $19.65. The company has a market capitalization of $2.58 billion, a PE ratio of 48.28, a PEG ratio of 1.40 and a beta of 0.94.
Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Free Report) last released its earnings results on Tuesday, May 14th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The company had revenue of $242.93 million for the quarter, compared to the consensus estimate of $240.87 million. Atlantica Sustainable Infrastructure had a net margin of 4.94% and a return on equity of 3.33%. During the same quarter in the previous year, the company earned ($0.09) EPS. As a group, sell-side analysts predict that Atlantica Sustainable Infrastructure will post 0.46 EPS for the current fiscal year.
Atlantica Sustainable Infrastructure Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 8.01%. The ex-dividend date of this dividend is Friday, May 31st. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 386.96%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of AY. Private Advisor Group LLC bought a new position in Atlantica Sustainable Infrastructure during the third quarter valued at approximately $384,000. Barclays PLC grew its holdings in shares of Atlantica Sustainable Infrastructure by 36.6% in the third quarter. Barclays PLC now owns 10,828 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 2,904 shares during the last quarter. Premier Fund Managers Ltd grew its holdings in shares of Atlantica Sustainable Infrastructure by 2.9% in the third quarter. Premier Fund Managers Ltd now owns 350,000 shares of the utilities provider’s stock worth $6,584,000 after purchasing an additional 10,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Atlantica Sustainable Infrastructure by 14.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 360,060 shares of the utilities provider’s stock worth $6,877,000 after purchasing an additional 46,607 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Atlantica Sustainable Infrastructure by 112.3% in the third quarter. HighTower Advisors LLC now owns 23,827 shares of the utilities provider’s stock worth $456,000 after purchasing an additional 12,602 shares during the last quarter. 40.53% of the stock is currently 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.
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