Cubist Systematic Strategies LLC Decreases Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Cubist Systematic Strategies LLC trimmed its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 70.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,002 shares of the utilities provider’s stock after selling 30,629 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Atlantica Sustainable Infrastructure were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AY. Point72 Asia Singapore Pte. Ltd. bought a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter worth $30,000. Water Island Capital LLC bought a new stake in shares of Atlantica Sustainable Infrastructure in the second quarter worth about $13,438,000. Aristeia Capital L.L.C. purchased a new position in Atlantica Sustainable Infrastructure during the 2nd quarter valued at about $669,000. Glazer Capital LLC bought a new position in Atlantica Sustainable Infrastructure during the 2nd quarter valued at approximately $13,629,000. Finally, Sagefield Capital LP purchased a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter worth approximately $1,637,000. 40.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a research note on Sunday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.43.

Atlantica Sustainable Infrastructure Stock Up 0.1 %

Shares of NASDAQ:AY opened at $21.99 on Tuesday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 47.80, a P/E/G ratio of 2.14 and a beta of 1.03. 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 stock has a 50 day moving average price of $22.01 and a 200-day moving average price of $21.54. Atlantica Sustainable Infrastructure plc has a 52-week low of $16.35 and a 52-week high of $23.47.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced 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 firm had revenue of $328.26 million for the quarter, compared to analysts’ expectations of $315.07 million. Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. As a group, equities research analysts anticipate that Atlantica Sustainable Infrastructure plc will post 0.28 EPS for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

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