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

Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $22.20.

Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a report on Saturday. They issued a "sell" rating for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AY. Public Employees Retirement System of Ohio purchased a new stake in Atlantica Sustainable Infrastructure during the 3rd quarter valued at about $44,000. Melqart Asset Management UK Ltd lifted its position in Atlantica Sustainable Infrastructure by 4.2% during the third quarter. Melqart Asset Management UK Ltd now owns 1,337,755 shares of the utilities provider's stock worth $29,404,000 after buying an additional 53,680 shares in the last quarter. Centiva Capital LP boosted its stake in Atlantica Sustainable Infrastructure by 13.5% during the third quarter. Centiva Capital LP now owns 125,755 shares of the utilities provider's stock worth $2,764,000 after buying an additional 15,000 shares during the last quarter. ClearAlpha Technologies LP grew its holdings in Atlantica Sustainable Infrastructure by 10.1% in the 3rd quarter. ClearAlpha Technologies LP now owns 148,327 shares of the utilities provider's stock valued at $3,260,000 after buying an additional 13,587 shares in the last quarter. Finally, Athos Capital Ltd increased its stake in shares of Atlantica Sustainable Infrastructure by 10.1% in the 3rd quarter. Athos Capital Ltd now owns 220,100 shares of the utilities provider's stock worth $4,838,000 after acquiring an additional 20,100 shares during the last quarter. 40.53% of the stock is owned by hedge funds and other institutional investors.

Atlantica Sustainable Infrastructure Price Performance

Shares of NASDAQ:AY remained flat at $21.96 on Wednesday. The stock had a trading volume of 372,065 shares, compared to its average volume of 1,202,160. The company has a market capitalization of $2.55 billion, a PE ratio of 75.76, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. Atlantica Sustainable Infrastructure has a fifty-two week low of $16.82 and a fifty-two week 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. The stock's 50 day simple moving average is $22.03 and its 200 day simple moving average is $22.07.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be given a dividend of $0.2225 per share. The ex-dividend date is 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 (DPR) is 306.90%.

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.