Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,096 shares of the utilities provider’s stock after selling 20,757 shares during the quarter. Marshall Wace LLP owned 0.18% of Atlantica Sustainable Infrastructure worth $5,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AY. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Atlantica Sustainable Infrastructure by 0.5% in the third quarter. Kayne Anderson Capital Advisors LP now owns 3,533,884 shares of the utilities provider’s stock valued at $92,942,000 after purchasing an additional 18,930 shares in the last quarter. Invesco Ltd. lifted its stake in shares of 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. boosted its holdings in shares of Atlantica Sustainable Infrastructure by 1.6% during the third 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 last quarter. Amundi boosted its stake in Atlantica Sustainable Infrastructure by 19.5% in the 2nd quarter. Amundi now owns 1,661,875 shares of the utilities provider’s stock worth $53,465,000 after buying an additional 271,159 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Atlantica Sustainable Infrastructure by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,212,026 shares of the utilities provider’s stock worth $31,876,000 after buying an additional 13,658 shares during the last quarter. 39.37% of the stock is currently owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Stock Up 2.4 %

NASDAQ AY opened at $27.55 on Tuesday. The business has a fifty day moving average price of $26.96 and a two-hundred day moving average price of $27.79. The stock has a market capitalization of $3.10 billion, a PE ratio of -688.75, a PEG ratio of 3.77 and a beta of 0.83. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $24.42 and a fifty-two week high of $36.35. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.99 and a quick ratio of 1.92.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 25th. Shareholders of record on Tuesday, March 14th will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a $1.78 annualized dividend and a yield of 6.46%. Atlantica Sustainable Infrastructure’s payout ratio is -4,450.00%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on Atlantica Sustainable Infrastructure from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Monday, January 30th. StockNews.com raised Atlantica Sustainable Infrastructure from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. TheStreet cut Atlantica Sustainable Infrastructure from a “c-” rating to a “d+” rating in a research note on Tuesday, November 29th. JPMorgan Chase & Co. lowered their target price on Atlantica Sustainable Infrastructure from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. Finally, Royal Bank of Canada raised Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $34.00 target price for the company in a report on Tuesday, January 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.57.

Atlantica Sustainable Infrastructure Company Profile

(Get Rating)

Atlantica Sustainable Infrastructure Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants.