Public Employees Retirement System of Ohio Purchases Shares of 2,016 Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Public Employees Retirement System of Ohio purchased a new position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,016 shares of the utilities provider’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AY. Alpine Associates Management Inc. purchased a new position in shares of Atlantica Sustainable Infrastructure in the second quarter valued at $23,699,000. Westchester Capital Management LLC lifted its position in Atlantica Sustainable Infrastructure by 305.3% during the third quarter. Westchester Capital Management LLC now owns 1,143,722 shares of the utilities provider’s stock valued at $25,139,000 after purchasing an additional 861,541 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Atlantica Sustainable Infrastructure in the 2nd quarter worth $13,719,000. Glazer Capital LLC bought a new stake in shares of Atlantica Sustainable Infrastructure in the 2nd quarter worth about $13,629,000. Finally, Water Island Capital LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at about $13,438,000. Institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Stock Performance

Shares of NASDAQ:AY opened at $21.99 on Monday. 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. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00. The firm’s 50-day moving average is $22.03 and its 200 day moving average is $22.02.

Atlantica Sustainable Infrastructure Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a research report on Monday, December 16th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Atlantica Sustainable Infrastructure presently has a consensus rating of “Hold” and an average target price of $22.20.

Atlantica Sustainable Infrastructure 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.