Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Given Average Rating of “Hold” by Analysts

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $22.43.

Separately, StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a research note on Sunday. They issued a “sell” rating on the stock.

Atlantica Sustainable Infrastructure Trading Up 0.1 %

NASDAQ AY opened at $21.99 on Tuesday. The company has a market cap of $2.55 billion, a PE ratio of 47.80, a PEG ratio of 2.14 and a beta of 1.03. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 3.26. Atlantica Sustainable Infrastructure has a 12 month low of $16.35 and a 12 month high of $23.47. The stock has a 50 day moving average of $22.01 and a 200-day moving average of $21.54.

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

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 8.09%. The ex-dividend date was Friday, August 30th. Atlantica Sustainable Infrastructure’s payout ratio is 386.96%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in shares of Atlantica Sustainable Infrastructure by 110.8% during the 1st 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. acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter worth $23,699,000. Picton Mahoney Asset Management acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter worth $13,719,000. Glazer Capital LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter worth $13,629,000. Finally, Water Island Capital LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter worth $13,438,000. Institutional investors own 40.53% of the company’s stock.

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.