StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY - Free Report) in a research note released on Wednesday. The firm issued a sell rating on the utilities provider's stock.
Atlantica Sustainable Infrastructure Trading Up 0.0 %
Shares of Atlantica Sustainable Infrastructure stock traded up $0.01 during midday trading on Wednesday, reaching $22.09. 1,882,364 shares of the company's stock traded hands, compared to its average volume of 1,228,961. The stock has a 50 day moving average of $21.97 and a 200-day moving average of $21.96. Atlantica Sustainable Infrastructure has a 12 month low of $16.82 and a 12 month high of $23.47. The company has a market cap of $2.56 billion, a PE ratio of 66.91, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in Atlantica Sustainable Infrastructure in the third quarter worth about $1,356,000. Entropy Technologies LP purchased a new stake in shares of Atlantica Sustainable Infrastructure during the third quarter valued at $567,000. Wolverine Asset Management LLC raised its position in Atlantica Sustainable Infrastructure by 321.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 105,803 shares of the utilities provider's stock worth $2,326,000 after buying an additional 80,703 shares during the last quarter. Insight Folios Inc boosted its holdings in shares of Atlantica Sustainable Infrastructure by 2.4% during the 3rd quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider's stock valued at $542,000 after acquiring an additional 576 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Atlantica Sustainable Infrastructure in the third quarter worth approximately $5,385,000. 40.53% of the stock is owned by hedge funds and other institutional investors.
Atlantica Sustainable Infrastructure Company Profile
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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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