Atlantica Sustainable Infrastructure (NASDAQ:AY) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research note issued to investors on Friday. The firm set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Stock Down 0.0 %

Shares of NASDAQ:AY opened at $22.13 on Friday. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47. The company has a market capitalization of $2.57 billion, a PE ratio of 76.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.20 and a current ratio of 1.25. The company has a fifty day moving average of $22.01 and a 200-day moving average of $22.09.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of institutional investors have recently added to or reduced their stakes in AY. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $30,000. Public Employees Retirement System of Ohio bought a new stake in Atlantica Sustainable Infrastructure in the third quarter valued at approximately $44,000. Private Trust Co. NA boosted its holdings in 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 valued at $56,000 after acquiring an additional 1,995 shares during the last quarter. Headlands Technologies LLC boosted its holdings in Atlantica Sustainable Infrastructure by 499.4% in the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 3,411 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in 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 worth $164,000 after purchasing an additional 6,064 shares during the last quarter. 40.53% of the stock is owned by institutional investors.

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.