Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Short Interest Down 5.8% in September

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 2,440,000 shares, a decline of 5.8% from the August 31st total of 2,590,000 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure in a report on Friday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.67.

Institutional Trading of Atlantica Sustainable Infrastructure

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in shares of Atlantica Sustainable Infrastructure by 110.8% in the first quarter. Lazard Asset Management LLC now owns 9,826,614 shares of the utilities provider’s stock worth $181,595,000 after purchasing an additional 5,164,084 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in Atlantica Sustainable Infrastructure during the 2nd quarter worth about $23,699,000. Norges Bank acquired a new position in shares of Atlantica Sustainable Infrastructure during the 4th quarter worth about $15,487,000. Picton Mahoney Asset Management bought a new position in shares of Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $13,719,000. Finally, Glazer Capital LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure in the second quarter valued at about $13,629,000. 40.53% of the stock is currently owned by institutional investors.

Atlantica Sustainable Infrastructure Stock Down 0.0 %

NASDAQ AY traded down $0.01 during trading hours on Monday, reaching $22.02. 210,773 shares of the company’s stock were exchanged, compared to its average volume of 1,273,116. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The company’s 50-day moving average is $22.04 and its two-hundred day moving average is $21.22. Atlantica Sustainable Infrastructure has a one year low of $16.35 and a one year high of $23.47.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. The company had revenue of $328.26 million during the quarter, compared to analyst estimates of $315.07 million. On average, analysts forecast that Atlantica Sustainable Infrastructure will post 0.28 EPS for the current fiscal year.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 8.08%. The ex-dividend date of this dividend was Friday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio is 386.96%.

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.