Point72 Asia Singapore Pte. Ltd. raised its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Free Report) by 4,492.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,956 shares of the utilities provider's stock after purchasing an additional 61,585 shares during the period. Point72 Asia Singapore Pte. Ltd. owned 0.05% of Atlantica Sustainable Infrastructure worth $1,384,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $2,195,000. Swedbank AB purchased a new position in shares of Atlantica Sustainable Infrastructure during the first quarter valued at approximately $4,103,000. Water Island Capital LLC acquired a new stake in Atlantica Sustainable Infrastructure during the second quarter worth approximately $13,438,000. Alpine Associates Management Inc. grew its stake in Atlantica Sustainable Infrastructure by 54.0% in the 3rd quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider's stock worth $36,542,000 after acquiring an additional 582,821 shares during the period. Finally, Trium Capital LLP acquired a new position in Atlantica Sustainable Infrastructure in the 2nd quarter valued at $2,010,000. 40.53% of the stock is currently owned by institutional investors and hedge funds.
Atlantica Sustainable Infrastructure Stock Up 0.1 %
NASDAQ:AY traded up $0.02 on Monday, reaching $21.96. The stock had a trading volume of 511,661 shares, compared to its average volume of 1,205,796. The company has a 50-day moving average of $22.03 and a 200 day moving average of $22.09. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 3.36. The stock has a market cap of $2.55 billion, a P/E ratio of 75.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. Atlantica Sustainable Infrastructure plc has a 12-month low of $16.82 and a 12-month high of $23.47.
Atlantica Sustainable Infrastructure Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.2225 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.89 dividend on an annualized basis and a yield of 4.05%. Atlantica Sustainable Infrastructure's dividend payout ratio (DPR) is 613.81%.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure in a research note on Saturday. They set a "sell" rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $22.20.
Check Out Our Latest Report on Atlantica Sustainable Infrastructure
Atlantica Sustainable Infrastructure Profile
(
Free Report)
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.
See Also
![Institutional Ownership by Quarter for Atlantica Sustainable Infrastructure (NASDAQ:AY)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=AY)
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