M&G Investment Management Ltd. Acquires 2,756 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

M&G Investment Management Ltd. grew its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) by 12.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,308 shares of the utilities provider’s stock after buying an additional 2,756 shares during the period. M&G Investment Management Ltd.’s holdings in Atlantica Sustainable Infrastructure were worth $658,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AY. Orion Capital Management LLC purchased a new position in Atlantica Sustainable Infrastructure in the third quarter worth about $26,000. FMR LLC raised its holdings in shares of Atlantica Sustainable Infrastructure by 63.6% during the second quarter. FMR LLC now owns 954 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 371 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Atlantica Sustainable Infrastructure during the second quarter valued at approximately $32,000. PNC Financial Services Group Inc. raised its holdings in shares of Atlantica Sustainable Infrastructure by 122.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 550 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Atlantica Sustainable Infrastructure during the second quarter valued at approximately $42,000. 39.37% of the stock is owned by hedge funds and other institutional investors.

Atlantica Sustainable Infrastructure Stock Performance

AY opened at $26.50 on Monday. The firm has a market cap of $2.98 billion, a P/E ratio of -155.87 and a beta of 0.83. Atlantica Sustainable Infrastructure plc has a 1-year low of $24.42 and a 1-year high of $36.85. The company has a 50 day simple moving average of $27.00 and a two-hundred day simple moving average of $29.80. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.17 and a quick ratio of 2.11.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) last posted its quarterly earnings results on Wednesday, November 9th. The utilities provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.56). Atlantica Sustainable Infrastructure had a negative return on equity of 1.20% and a negative net margin of 1.89%. Equities analysts forecast that Atlantica Sustainable Infrastructure plc will post -0.29 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were given a $0.445 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 6.72%. Atlantica Sustainable Infrastructure’s payout ratio is currently -1,047.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AY. StockNews.com raised shares of Atlantica Sustainable Infrastructure from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. Royal Bank of Canada decreased their price objective on shares of Atlantica Sustainable Infrastructure from $38.00 to $34.00 and set a “sector perform” rating for the company in a report on Thursday, November 10th. Bank of America cut shares of Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and reduced their target price for the company from $37.00 to $34.00 in a report on Monday, September 19th. TheStreet cut shares of Atlantica Sustainable Infrastructure from a “c-” rating to a “d+” rating in a report on Tuesday, November 29th. Finally, BMO Capital Markets upped their target price on shares of Atlantica Sustainable Infrastructure from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, November 10th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.00.

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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