Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Receives Consensus Rating of “Hold” from Analysts

Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) has received an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.00.

A number of analysts have weighed in on the company. TheStreet lowered Atlantica Sustainable Infrastructure from a “c-” rating to a “d+” rating in a report on Tuesday, November 29th. BMO Capital Markets upped their target price on Atlantica Sustainable Infrastructure from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, November 10th. StockNews.com raised Atlantica Sustainable Infrastructure from a “sell” rating to a “hold” rating in a research report on Tuesday, December 6th. Finally, Royal Bank of Canada raised Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Tuesday, January 17th.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Several hedge funds have recently made changes to their positions in AY. Kayne Anderson Capital Advisors LP grew its position in Atlantica Sustainable Infrastructure by 0.5% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,533,884 shares of the utilities provider’s stock worth $92,942,000 after purchasing an additional 18,930 shares during the period. Invesco Ltd. grew its position in Atlantica Sustainable Infrastructure by 23.9% during the 1st quarter. Invesco Ltd. now owns 3,124,558 shares of the utilities provider’s stock worth $109,577,000 after purchasing an additional 601,826 shares during the period. BlackRock Inc. grew its position in Atlantica Sustainable Infrastructure by 1.6% during the 3rd quarter. BlackRock Inc. now owns 2,936,202 shares of the utilities provider’s stock worth $77,223,000 after purchasing an additional 46,683 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in Atlantica Sustainable Infrastructure by 5.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 1,811,336 shares of the utilities provider’s stock worth $47,638,000 after purchasing an additional 86,078 shares during the period. Finally, Amundi boosted its stake in shares of Atlantica Sustainable Infrastructure by 19.5% during the 2nd quarter. Amundi now owns 1,661,875 shares of the utilities provider’s stock worth $53,465,000 after acquiring an additional 271,159 shares in the last quarter. 39.37% of the stock is owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Stock Up 0.5 %

Atlantica Sustainable Infrastructure stock opened at $27.09 on Tuesday. The business has a fifty day moving average of $26.92 and a two-hundred day moving average of $29.55. The company has a quick ratio of 2.11, a current ratio of 2.17 and a debt-to-equity ratio of 2.87. The firm has a market cap of $3.04 billion, a P/E ratio of -159.34 and a beta of 0.83. Atlantica Sustainable Infrastructure has a twelve month low of $24.42 and a twelve month high of $36.85.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) last posted its 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%. On average, analysts forecast that Atlantica Sustainable Infrastructure will post -0.29 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend was Tuesday, November 29th. Atlantica Sustainable Infrastructure’s payout ratio is -1,047.00%.

Atlantica Sustainable Infrastructure Company Profile

(Get Rating)

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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Analyst Recommendations for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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