Atlantica Sustainable Infrastructure (NASDAQ:AY) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a note issued to investors on Monday. The brokerage set a “sell” rating on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price target on shares of Atlantica Sustainable Infrastructure from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Friday, May 10th. National Bankshares lifted their price target on shares of Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 28th. UBS Group downgraded shares of Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $22.00 in a research note on Thursday, May 30th. Finally, Seaport Res Ptn downgraded shares of Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.67.

Atlantica Sustainable Infrastructure Stock Performance

NASDAQ:AY opened at $22.20 on Monday. The company’s 50-day moving average price is $22.05 and its 200-day moving average price is $20.57. The company has a current ratio of 1.55, a quick ratio of 1.50 and a debt-to-equity ratio of 3.25. The company has a market cap of $2.58 billion, a P/E ratio of 48.26, a P/E/G ratio of 1.32 and a beta of 1.02. Atlantica Sustainable Infrastructure has a twelve month low of $16.35 and a twelve month high of $23.57.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). Atlantica Sustainable Infrastructure had a return on equity of 2.50% and a net margin of 3.59%. The firm had revenue of $328.26 million for the quarter, compared to analyst estimates of $315.07 million. On average, sell-side analysts forecast that Atlantica Sustainable Infrastructure will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Atlantica Sustainable Infrastructure by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after acquiring an additional 637 shares during the period. Private Advisor Group LLC grew its position in shares of Atlantica Sustainable Infrastructure by 4.3% during the first quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock worth $387,000 after buying an additional 864 shares in the last quarter. Rational Advisors LLC lifted its stake in Atlantica Sustainable Infrastructure by 113.8% during the first quarter. Rational Advisors LLC now owns 1,926 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,025 shares during the last quarter. Covestor Ltd lifted its stake in Atlantica Sustainable Infrastructure by 12.8% during the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 1,064 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Atlantica Sustainable Infrastructure by 4.1% in the first quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock valued at $532,000 after buying an additional 1,132 shares during the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.

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.