Charles Schwab Investment Management Inc. reduced its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Free Report) by 32.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,409 shares of the utilities provider's stock after selling 119,042 shares during the period. Charles Schwab Investment Management Inc. owned about 0.21% of Atlantica Sustainable Infrastructure worth $5,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in AY. Point72 Asia Singapore Pte. Ltd. purchased a new position in Atlantica Sustainable Infrastructure in the second quarter valued at $30,000. Headlands Technologies LLC increased its position in shares of Atlantica Sustainable Infrastructure by 499.4% in the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider's stock valued at $90,000 after buying an additional 3,411 shares in the last quarter. Cetera Advisors LLC raised its stake in Atlantica Sustainable Infrastructure by 58.3% in the 1st quarter. Cetera Advisors LLC now owns 16,775 shares of the utilities provider's stock valued at $310,000 after purchasing an additional 6,177 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Atlantica Sustainable Infrastructure by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider's stock worth $382,000 after purchasing an additional 637 shares during the period. Finally, Insight Folios Inc grew its holdings in Atlantica Sustainable Infrastructure by 2.4% in the third quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider's stock valued at $542,000 after purchasing an additional 576 shares during the period. Institutional investors and hedge funds own 40.53% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Atlantica Sustainable Infrastructure in a research report on Sunday, December 8th. They set a "sell" rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Atlantica Sustainable Infrastructure currently has a consensus rating of "Hold" and a consensus target price of $22.20.
Check Out Our Latest Report on Atlantica Sustainable Infrastructure
Atlantica Sustainable Infrastructure Stock Performance
NASDAQ:AY remained flat at $21.99 on Friday. The company's stock had a trading volume of 10 shares, compared to its average volume of 1,030,543. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.82 and a 52 week high of $23.47. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.20 and a current ratio of 1.25. The firm has a market capitalization of $2.55 billion, a P/E ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00. The firm's 50-day simple moving average is $22.03 and its 200-day simple moving average is $22.04.
Atlantica Sustainable Infrastructure Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 29th were given a $0.2225 dividend. The ex-dividend date of this dividend was 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 is currently 306.91%.
Atlantica Sustainable Infrastructure Profile
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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.
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