Citigroup Inc. Grows Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Citigroup Inc. lifted its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Free Report) by 356.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 278,828 shares of the utilities provider's stock after acquiring an additional 217,790 shares during the quarter. Citigroup Inc. owned approximately 0.24% of Atlantica Sustainable Infrastructure worth $6,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Atlantica Sustainable Infrastructure in the second quarter worth $30,000. Headlands Technologies LLC boosted its holdings in shares of Atlantica Sustainable Infrastructure by 499.4% during the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 3,411 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Atlantica Sustainable Infrastructure during the 1st quarter valued at about $196,000. Cetera Advisors LLC grew its holdings in Atlantica Sustainable Infrastructure by 58.3% during the 1st quarter. Cetera Advisors LLC now owns 16,775 shares of the utilities provider's stock valued at $310,000 after buying an additional 6,177 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Atlantica Sustainable Infrastructure by 3.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider's stock valued at $382,000 after purchasing an additional 637 shares in the last quarter. 40.53% of the stock is owned by hedge funds and other institutional investors.

Atlantica Sustainable Infrastructure Stock Up 0.0 %

AY traded up $0.01 on Monday, hitting $21.95. The company had a trading volume of 755,392 shares, compared to its average volume of 1,206,911. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.69, a P/E/G ratio of 2.13 and a beta of 1.03. 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 stock has a fifty day moving average price of $22.03 and a 200-day moving average price of $22.08. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be paid 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 payout ratio is 613.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Atlantica Sustainable Infrastructure in a report on Saturday. They set a "sell" rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.20.

About Atlantica Sustainable Infrastructure

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.