Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Free Report) by 87.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,515 shares of the utilities provider's stock after selling 129,837 shares during the period. Rockefeller Capital Management L.P.'s holdings in Atlantica Sustainable Infrastructure were worth $407,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AY. Alpine Associates Management Inc. acquired a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter valued at about $23,699,000. Picton Mahoney Asset Management acquired a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at approximately $13,719,000. Glazer Capital LLC purchased a new stake in Atlantica Sustainable Infrastructure in the second quarter valued at approximately $13,629,000. Water Island Capital LLC acquired a new position in Atlantica Sustainable Infrastructure during the second quarter worth $13,438,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Atlantica Sustainable Infrastructure during the third quarter worth $5,385,000. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Stock Performance

Shares of NASDAQ:AY remained flat at $21.99 during trading on Wednesday. 2,180,513 shares of the company's stock traded hands, compared to its average volume of 1,209,512. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $16.82 and a fifty-two week high of $23.47. The firm's fifty day simple moving average is $22.03 and its 200 day simple moving average is $22.04. 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 has a market cap of $2.55 billion, a P/E ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00.

Atlantica Sustainable Infrastructure Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 annualized dividend and a yield of 4.05%. Atlantica Sustainable Infrastructure's payout ratio is 306.91%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Atlantica Sustainable Infrastructure in a report on Sunday. They issued a "sell" rating on the stock. One equities 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.20.

Atlantica Sustainable Infrastructure 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.