Consolidated Portfolio Review Corp decreased its stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Free Report) by 13.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,162 shares of the utilities provider’s stock after selling 3,348 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Atlantica Sustainable Infrastructure were worth $391,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Rational Advisors LLC raised its position in Atlantica Sustainable Infrastructure by 113.8% in the 1st quarter. Rational Advisors LLC now owns 1,926 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,025 shares during the last quarter. Riverview Trust Co bought a new position in Atlantica Sustainable Infrastructure in the 1st quarter valued at $42,000. Clean Yield Group raised its position in Atlantica Sustainable Infrastructure by 71.4% in the 4th quarter. Clean Yield Group now owns 6,000 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 2,500 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Atlantica Sustainable Infrastructure in the 4th quarter valued at $229,000. Finally, American Institute for Advanced Investment Management LLP bought a new position in Atlantica Sustainable Infrastructure in the 1st quarter valued at $203,000. Institutional investors and hedge funds own 40.53% of the company’s stock.
Atlantica Sustainable Infrastructure Trading Down 0.2 %
Shares of Atlantica Sustainable Infrastructure stock traded down $0.05 during trading on Friday, reaching $21.98. 903,445 shares of the company were exchanged, compared to its average volume of 1,097,959. 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 plc has a twelve month low of $16.35 and a twelve month high of $25.22. The business has a 50-day moving average price of $22.06 and a 200-day moving average price of $20.13. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 47.78, a P/E/G ratio of 1.31 and a beta of 1.02.
Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The utilities provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $242.93 million during the quarter, compared to analysts’ expectations of $240.87 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. Sell-side analysts anticipate that Atlantica Sustainable Infrastructure plc will post 0.46 EPS for the current fiscal year.
Atlantica Sustainable Infrastructure Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.445 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.78 dividend on an annualized basis and a yield of 8.10%. Atlantica Sustainable Infrastructure’s payout ratio is 386.96%.
Wall Street Analyst Weigh In
AY has been the subject of several research analyst reports. National Bankshares lifted their price objective on Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 28th. National Bank Financial downgraded Atlantica Sustainable Infrastructure from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 3rd. Seaport Res Ptn downgraded Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. StockNews.com began coverage on Atlantica Sustainable Infrastructure in a research report on Monday, July 1st. They set a “sell” rating for the company. Finally, Bank of America dropped their target price on 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has an average rating of “Hold” and an average price target of $22.67.
View Our Latest Stock Report on AY
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.
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