State Street Corp Decreases Stock Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

State Street Corp trimmed its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 700,314 shares of the utilities provider’s stock after selling 16,186 shares during the period. State Street Corp’s holdings in Atlantica Sustainable Infrastructure were worth $15,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AY. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Atlantica Sustainable Infrastructure in the second quarter valued at approximately $30,000. Private Trust Co. NA lifted its position in Atlantica Sustainable Infrastructure by 362.1% during the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after buying an additional 1,995 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of 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 purchasing an additional 3,411 shares during the period. BNP Paribas Financial Markets lifted its holdings in Atlantica Sustainable Infrastructure by 433.5% in the third quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 6,064 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Atlantica Sustainable Infrastructure by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 637 shares during the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure in a research report on Tuesday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.20.

Atlantica Sustainable Infrastructure Stock Performance

NASDAQ AY opened at $21.99 on Wednesday. The business has a 50 day moving average price of $22.03 and a 200 day moving average price of $22.02. The company has a market capitalization of $2.55 billion, a P/E ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00. Atlantica Sustainable Infrastructure plc has a 1-year low of $16.82 and a 1-year high of $23.47. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20.

Atlantica Sustainable Infrastructure Cuts Dividend

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

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.