Barclays PLC Has $306,000 Stock Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Barclays PLC cut its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 80.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,890 shares of the utilities provider’s stock after selling 56,444 shares during the quarter. Barclays PLC’s holdings in Atlantica Sustainable Infrastructure were worth $306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AY. Public Employees Retirement System of Ohio acquired a new stake in Atlantica Sustainable Infrastructure in the third quarter valued at approximately $44,000. Melqart Asset Management UK Ltd lifted its stake in shares of Atlantica Sustainable Infrastructure by 4.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 1,337,755 shares of the utilities provider’s stock valued at $29,404,000 after acquiring an additional 53,680 shares during the last quarter. Centiva Capital LP boosted its holdings in shares of Atlantica Sustainable Infrastructure by 13.5% during the 3rd quarter. Centiva Capital LP now owns 125,755 shares of the utilities provider’s stock valued at $2,764,000 after acquiring an additional 15,000 shares in the last quarter. ClearAlpha Technologies LP grew its position in Atlantica Sustainable Infrastructure by 10.1% during the 3rd quarter. ClearAlpha Technologies LP now owns 148,327 shares of the utilities provider’s stock worth $3,260,000 after acquiring an additional 13,587 shares during the last quarter. Finally, Athos Capital Ltd increased its holdings in Atlantica Sustainable Infrastructure by 10.1% in the 3rd quarter. Athos Capital Ltd now owns 220,100 shares of the utilities provider’s stock worth $4,838,000 after purchasing an additional 20,100 shares in the last quarter. Institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Stock Performance

NASDAQ AY opened at $21.99 on Friday. The firm has a market capitalization of $2.55 billion, a PE ratio of 75.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The business’s 50-day moving average price is $22.04 and its two-hundred day moving average price is $22.02. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 3.36. Atlantica Sustainable Infrastructure plc has a 12 month low of $16.82 and a 12 month high of $23.47.

Atlantica Sustainable Infrastructure Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 29th were issued a $0.2225 dividend. This represents a $0.89 annualized dividend and a yield of 4.05%. The ex-dividend date was Friday, November 29th. Atlantica Sustainable Infrastructure’s payout ratio is presently 306.91%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Atlantica Sustainable Infrastructure in a research note on Wednesday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.20.

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.