Evergreen Capital Management LLC Has $11.87 Million Stock Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Evergreen Capital Management LLC lifted its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) by 36.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 338,316 shares of the utilities provider’s stock after purchasing an additional 90,655 shares during the quarter. Evergreen Capital Management LLC owned 0.30% of Atlantica Sustainable Infrastructure worth $11,865,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AY. Kennedy Capital Management Inc. bought a new stake in shares of Atlantica Sustainable Infrastructure during the 4th quarter worth $680,000. RPg Family Wealth Advisory LLC lifted its position in shares of Atlantica Sustainable Infrastructure by 0.7% during the 4th 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 last quarter. Vancity Investment Management Ltd lifted its position in shares of Atlantica Sustainable Infrastructure by 11.2% during the 1st 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 last quarter. United Capital Financial Advisers LLC lifted its position in shares of Atlantica Sustainable Infrastructure by 4.9% during the 1st quarter. United Capital Financial Advisers LLC now owns 473,278 shares of the utilities provider’s stock worth $16,598,000 after buying an additional 22,183 shares during the last quarter. Finally, Premier Fund Managers Ltd lifted its position in shares of Atlantica Sustainable Infrastructure by 15.3% during the 1st 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 last quarter. 40.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AY has been the subject of several research reports. BMO Capital Markets increased their target price 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. JPMorgan Chase & Co. increased their target price 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, UBS Group increased their target price 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. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.75.

Atlantica Sustainable Infrastructure Trading Up 0.9 %

NASDAQ AY opened at $33.65 on Tuesday. The business has a 50 day simple moving average of $33.90 and a 200 day simple moving average of $33.40. Atlantica Sustainable Infrastructure plc has a one year low of $28.82 and a one year high of $41.32. The stock has a market capitalization of $3.78 billion, a P/E ratio of -210.31 and a beta of 0.74. 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 (NASDAQ:AYGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). Atlantica Sustainable Infrastructure had a negative net margin of 1.66% and a negative return on equity of 1.08%. The firm had revenue of $307.83 million during the quarter, compared to analyst estimates of $338.04 million. During the same period last year, the business posted $0.11 EPS. Research analysts expect that Atlantica Sustainable Infrastructure plc will post 0.49 earnings per share for the current year.

Atlantica Sustainable Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.445 per share. This is a boost from Atlantica Sustainable Infrastructure’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, August 30th. This represents a $1.78 annualized dividend and a dividend yield of 5.29%. Atlantica Sustainable Infrastructure’s payout ratio is presently -1,112.50%.

About Atlantica Sustainable Infrastructure

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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 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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Institutional Ownership by Quarter for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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