Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) by 14.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,811 shares of the utilities provider’s stock after selling 21,717 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of Atlantica Sustainable Infrastructure worth $4,482,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of AY. Kennedy Capital Management Inc. acquired a new stake in shares of Atlantica Sustainable Infrastructure in the fourth quarter worth $680,000. RPg Family Wealth Advisory LLC boosted its position in shares of Atlantica Sustainable Infrastructure by 0.7% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 88,789 shares of the utilities provider’s stock worth $3,175,000 after buying an additional 574 shares during the period. Vancity Investment Management Ltd boosted its position in shares of Atlantica Sustainable Infrastructure by 11.2% in the first quarter. Vancity Investment Management Ltd now owns 197,319 shares of the utilities provider’s stock worth $6,920,000 after buying an additional 19,914 shares during the period. Premier Fund Managers Ltd boosted its position in shares of Atlantica Sustainable Infrastructure by 15.3% in the first quarter. Premier Fund Managers Ltd now owns 282,500 shares of the utilities provider’s stock worth $9,870,000 after buying an additional 37,500 shares during the period. Finally, Paragon Private Wealth Management LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure in the first quarter worth $732,000. 40.05% of the stock is currently owned by institutional investors and hedge funds.
Atlantica Sustainable Infrastructure Price Performance
Shares of NASDAQ:AY opened at $32.53 on Friday. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $28.82 and a fifty-two week high of $41.32. The business has a 50-day moving average of $33.89 and a two-hundred day moving average of $33.33. The stock has a market capitalization of $3.66 billion, a P/E ratio of -203.31 and a beta of 0.73. The company has a debt-to-equity ratio of 2.98, a current ratio of 2.07 and a quick ratio of 2.01.
Atlantica Sustainable Infrastructure Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid a $0.445 dividend. The ex-dividend date is Tuesday, August 30th. This is a positive change from Atlantica Sustainable Infrastructure’s previous quarterly dividend of $0.44. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.47%. Atlantica Sustainable Infrastructure’s payout ratio is presently -1,112.50%.
Analyst Ratings Changes
Several brokerages have recently commented on AY. Raymond James set a $43.00 target price on Atlantica Sustainable Infrastructure and gave the stock an “outperform” rating in a research report on Tuesday, May 10th. Bank of America raised Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, May 12th. UBS Group lifted their price objective on Atlantica Sustainable Infrastructure from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. lifted their price objective on Atlantica Sustainable Infrastructure from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Finally, BMO Capital Markets lifted their price objective on Atlantica Sustainable Infrastructure from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, August 4th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.75.
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 the United States, Canada, Mexico, Peru, Chile, Colombia, Uruguay, Spain, Italy, Algeria, and South Africa. It owns 39 assets comprising 2,044 megawatts (MW) of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 55 thermal megawatts of district heating capacity; 1,229 miles of electric transmission lines; and 17.5 million cubic feet per day of water desalination assets.
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