Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Given Average Recommendation of "Hold" by Analysts

Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Get Free Report) have earned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.20.

Separately, StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a report on Wednesday. They issued a "sell" rating on the stock.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Several hedge funds have recently modified their holdings of the stock. Alpine Associates Management Inc. increased its holdings in shares of Atlantica Sustainable Infrastructure by 54.0% in the third quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider's stock worth $36,542,000 after purchasing an additional 582,821 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Atlantica Sustainable Infrastructure during the 3rd quarter valued at approximately $1,356,000. Entropy Technologies LP purchased a new position in shares of Atlantica Sustainable Infrastructure in the third quarter valued at $567,000. Wolverine Asset Management LLC increased its position in Atlantica Sustainable Infrastructure by 321.5% in the third quarter. Wolverine Asset Management LLC now owns 105,803 shares of the utilities provider's stock worth $2,326,000 after purchasing an additional 80,703 shares during the last quarter. Finally, Insight Folios Inc increased its holdings in shares of Atlantica Sustainable Infrastructure by 2.4% in the 3rd quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider's stock worth $542,000 after buying an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 40.53% of the company's stock.

Atlantica Sustainable Infrastructure Stock Performance

NASDAQ:AY traded up $0.01 during mid-day trading on Friday, reaching $22.09. The company's stock had a trading volume of 1,382,326 shares, compared to its average volume of 943,800. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 3.26. The stock has a market cap of $2.56 billion, a P/E ratio of 66.92, a PEG ratio of 2.15 and a beta of 1.03. The firm's fifty day moving average price is $21.96 and its two-hundred day moving average price is $21.98. Atlantica Sustainable Infrastructure has a 12-month low of $16.82 and a 12-month high of $23.47.

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.