Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Receives Consensus Recommendation of “Hold” from Analysts

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.67.

Several research firms recently weighed in on AY. BMO Capital Markets lifted their target price on shares of Atlantica Sustainable Infrastructure from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, May 10th. UBS Group downgraded Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $22.00 in a report on Thursday, May 30th. StockNews.com began coverage on Atlantica Sustainable Infrastructure in a research report on Monday, August 26th. They set a “sell” rating for the company. National Bankshares increased 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 research report on Tuesday, May 28th. Finally, Seaport Res Ptn lowered Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th.

Atlantica Sustainable Infrastructure Stock Down 2.1 %

AY stock opened at $21.81 on Monday. The firm has a market cap of $2.53 billion, a PE ratio of 47.41, a PEG ratio of 1.39 and a beta of 1.02. Atlantica Sustainable Infrastructure has a one year low of $16.35 and a one year high of $23.47. 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 firm’s 50 day moving average price is $22.07 and its 200-day moving average price is $20.70.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its quarterly earnings results 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 business had revenue of $328.26 million during the quarter, compared to analyst estimates of $315.07 million. Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. On average, equities research analysts anticipate that Atlantica Sustainable Infrastructure will post 0.43 EPS for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.445 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.78 annualized dividend and a yield of 8.16%. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 386.96%.

Institutional Trading of Atlantica Sustainable Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Atlantica Sustainable Infrastructure by 3.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock valued at $382,000 after buying an additional 637 shares during the period. Private Advisor Group LLC lifted its holdings in Atlantica Sustainable Infrastructure by 4.3% in the first quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 864 shares during the period. Rational Advisors LLC boosted its position 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 purchasing an additional 1,025 shares in the last quarter. Covestor Ltd grew its stake in shares of Atlantica Sustainable Infrastructure by 12.8% during the 1st 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 period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 4.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock valued at $532,000 after purchasing an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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.