Washington Trust Advisors Inc. Reduces Stock Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Washington Trust Advisors Inc. trimmed its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Free Report) by 80.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,575 shares of the utilities provider's stock after selling 55,582 shares during the period. Washington Trust Advisors Inc.'s holdings in Atlantica Sustainable Infrastructure were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Prevail Innovative Wealth Advisors LLC bought a new stake in Atlantica Sustainable Infrastructure in the 1st quarter valued at $1,815,000. Manning & Napier Advisors LLC bought a new stake in shares of Atlantica Sustainable Infrastructure in the second quarter valued at about $2,195,000. Swedbank AB acquired a new position in shares of Atlantica Sustainable Infrastructure during the first quarter worth about $4,103,000. Quadrature Capital Ltd grew its holdings in shares of Atlantica Sustainable Infrastructure by 71.6% during the first quarter. Quadrature Capital Ltd now owns 56,640 shares of the utilities provider's stock worth $1,046,000 after buying an additional 23,627 shares in the last quarter. Finally, Water Island Capital LLC acquired a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at approximately $13,438,000. 40.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure in a research note on Wednesday. They set a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $22.20.

Atlantica Sustainable Infrastructure Stock Performance

AY stock traded up $0.01 during midday trading on Friday, reaching $22.09. 1,382,326 shares of the company were exchanged, compared to its average volume of 943,800. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 66.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The business has a 50-day moving average price of $21.96 and a two-hundred day moving average price of $21.98. Atlantica Sustainable Infrastructure plc has a one year low of $16.82 and a one year high of $23.47. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30.

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.