Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Free Report) – Seaport Res Ptn increased their FY2025 earnings per share estimates for shares of Atlantica Sustainable Infrastructure in a note issued to investors on Tuesday, May 21st. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $0.30 per share for the year, up from their prior estimate of $0.26. The consensus estimate for Atlantica Sustainable Infrastructure’s current full-year earnings is $0.41 per share. Seaport Res Ptn also issued estimates for Atlantica Sustainable Infrastructure’s FY2026 earnings at $0.18 EPS.
Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The utilities provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07. Atlantica Sustainable Infrastructure had a return on equity of 3.33% and a net margin of 4.94%. The company had revenue of $242.93 million during the quarter, compared to the consensus estimate of $240.87 million. During the same period in the previous year, the firm posted ($0.09) EPS.
AY has been the subject of several other reports. BMO Capital Markets upped their price target on Atlantica Sustainable Infrastructure from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Friday, May 10th. National Bank Financial lowered shares of Atlantica Sustainable Infrastructure from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 3rd. 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. UBS Group raised shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and raised their target price for the company from $19.00 to $25.00 in a research note on Friday, March 22nd. 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 report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Atlantica Sustainable Infrastructure has a consensus rating of “Hold” and an average target price of $23.13.
Read Our Latest Stock Report on Atlantica Sustainable Infrastructure
Atlantica Sustainable Infrastructure Trading Up 1.8 %
Shares of AY stock opened at $23.15 on Wednesday. The firm’s 50-day simple moving average is $19.65 and its 200-day simple moving average is $19.52. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.55 and a quick ratio of 1.50. Atlantica Sustainable Infrastructure has a 1-year low of $16.35 and a 1-year high of $25.78. The firm has a market cap of $2.69 billion, a P/E ratio of 50.33, a PEG ratio of 1.50 and a beta of 0.94.
Atlantica Sustainable Infrastructure Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.78 annualized dividend and a yield of 7.69%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 386.96%.
Institutional Trading of Atlantica Sustainable Infrastructure
A number of institutional investors and hedge funds have recently made changes to their positions in AY. Mirae Asset Global Investments Co. Ltd. boosted its stake in Atlantica Sustainable Infrastructure by 4.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,713 shares of the utilities provider’s stock valued at $969,000 after purchasing an additional 2,290 shares during the period. Private Advisor Group LLC bought a new position in Atlantica Sustainable Infrastructure in the 3rd quarter worth approximately $384,000. PFG Investments LLC increased its position in Atlantica Sustainable Infrastructure by 3.6% in the 3rd quarter. PFG Investments LLC now owns 21,925 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 771 shares during the period. Barclays PLC raised its stake in Atlantica Sustainable Infrastructure by 36.6% during the 3rd quarter. Barclays PLC now owns 10,828 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 2,904 shares in the last quarter. Finally, Premier Fund Managers Ltd raised its stake in Atlantica Sustainable Infrastructure by 2.9% during the 3rd quarter. Premier Fund Managers Ltd now owns 350,000 shares of the utilities provider’s stock valued at $6,584,000 after acquiring an additional 10,000 shares in the last quarter. 40.53% of the stock is currently 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.
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