Analysts Set Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Target Price at $22.20

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has been given an average rating of “Hold” by the seven analysts that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.20.

Separately, StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure in a research report on Sunday. They set a “sell” rating for the company.

Atlantica Sustainable Infrastructure Price Performance

AY stock opened at $21.97 on Wednesday. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20. Atlantica Sustainable Infrastructure has a 1 year low of $16.82 and a 1 year high of $23.47. The firm has a 50-day moving average of $22.03 and a 200 day moving average of $22.05. The company has a market cap of $2.55 billion, a P/E ratio of 75.76, a PEG ratio of 2.13 and a beta of 1.00.

Atlantica Sustainable Infrastructure Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.2225 per share. The ex-dividend date is Friday, November 29th. This represents a $0.89 annualized dividend and a dividend yield of 4.05%. Atlantica Sustainable Infrastructure’s payout ratio is 306.90%.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Atlantica Sustainable Infrastructure in the 2nd quarter worth $30,000. Public Employees Retirement System of Ohio purchased a new stake in Atlantica Sustainable Infrastructure in the third quarter worth about $44,000. Private Trust Co. NA raised its stake in shares of Atlantica Sustainable Infrastructure by 362.1% in the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after buying an additional 1,995 shares during the period. Headlands Technologies LLC lifted its position in shares of Atlantica Sustainable Infrastructure by 499.4% during the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after buying an additional 3,411 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Atlantica Sustainable Infrastructure by 433.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 6,064 shares during the period. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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.