Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Short Interest Update

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,280,000 shares, a drop of 14.3% from the May 31st total of 2,660,000 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average trading volume of 1,920,000 shares, the short-interest ratio is currently 1.2 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AY. UBS Group cut shares of Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $22.00 in a research report on Thursday, May 30th. National Bankshares boosted their target price on shares of Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, May 28th. Seaport Res Ptn lowered Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a report on Monday. They set a “sell” rating for the company. Finally, Bank of America dropped their target price on Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Atlantica Sustainable Infrastructure currently has an average rating of “Hold” and a consensus price target of $22.67.

Atlantica Sustainable Infrastructure Stock Performance

Shares of NASDAQ AY traded down $0.03 during mid-day trading on Tuesday, reaching $21.88. 1,620,835 shares of the company’s stock were exchanged, compared to its average volume of 1,377,038. Atlantica Sustainable Infrastructure has a 52 week low of $16.35 and a 52 week high of $25.22. The firm has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $20.10. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 47.57, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.55 and a quick ratio of 1.50.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its quarterly earnings data on Tuesday, May 14th. The utilities provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07. Atlantica Sustainable Infrastructure had a return on equity of 3.33% and a net margin of 4.94%. The business had revenue of $242.93 million during the quarter, compared to analyst estimates of $240.87 million. During the same period in the prior year, the company earned ($0.09) earnings per share. Analysts predict that Atlantica Sustainable Infrastructure will post 0.46 EPS for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 8.14%. The ex-dividend date was Friday, May 31st. Atlantica Sustainable Infrastructure’s payout ratio is currently 386.96%.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of AY. Insight Folios Inc raised its position in shares of Atlantica Sustainable Infrastructure by 2.5% in the fourth quarter. Insight Folios Inc now owns 23,000 shares of the utilities provider’s stock worth $494,000 after buying an additional 566 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock worth $387,000 after buying an additional 864 shares during the last quarter. Rational Advisors LLC lifted its holdings in shares of Atlantica Sustainable Infrastructure by 113.8% during the 1st quarter. Rational Advisors LLC now owns 1,926 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 1,025 shares during the last quarter. Covestor Ltd lifted its stake in Atlantica Sustainable Infrastructure by 12.8% during the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 1,064 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Atlantica Sustainable Infrastructure by 4.1% in the first quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock worth $532,000 after buying an additional 1,132 shares in the last quarter. Institutional investors own 40.53% of the company’s stock.

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.