SG Americas Securities LLC Has $219,000 Stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

SG Americas Securities LLC decreased its stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 30.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,175 shares of the utilities provider’s stock after selling 4,464 shares during the period. SG Americas Securities LLC’s holdings in Atlantica Sustainable Infrastructure were worth $219,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position 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 worth $31,000 after purchasing an additional 371 shares during the period. PNC Financial Services Group Inc. raised its position 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 worth $35,000 after purchasing an additional 550 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter worth about $27,000. Lazard Asset Management LLC raised its position in shares of Atlantica Sustainable Infrastructure by 200.0% during the first quarter. Lazard Asset Management LLC now owns 1,383 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 922 shares during the period. Finally, Creative Planning acquired a new stake in shares of Atlantica Sustainable Infrastructure during the third quarter worth about $27,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Stock Down 5.2 %

AY stock opened at $18.23 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.62 and a debt-to-equity ratio of 3.14. The business has a 50 day moving average price of $18.27 and a two-hundred day moving average price of $18.96. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 43.41 and a beta of 0.97. Atlantica Sustainable Infrastructure plc has a twelve month low of $16.35 and a twelve month high of $28.54.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its quarterly earnings results on Friday, March 1st. The utilities provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.25. The firm had revenue of $241.31 million during the quarter, compared to the consensus estimate of $243.81 million. Atlantica Sustainable Infrastructure had a return on equity of 2.91% and a net margin of 4.43%. During the same period last year, the company earned $0.03 earnings per share. Analysts anticipate that Atlantica Sustainable Infrastructure plc will post 0.49 EPS for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 12th were paid a $0.445 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.78 dividend on an annualized basis and a yield of 9.76%. Atlantica Sustainable Infrastructure’s dividend payout ratio is 423.82%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America decreased their price objective on Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, March 26th. StockNews.com downgraded Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a report on Friday. National Bank Financial downgraded Atlantica Sustainable Infrastructure from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 3rd. BMO Capital Markets decreased their price objective on Atlantica Sustainable Infrastructure from $24.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, March 5th. Finally, UBS Group upgraded Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $19.00 to $25.00 in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Atlantica Sustainable Infrastructure has an average rating of “Hold” and an average target price of $23.67.

Atlantica Sustainable Infrastructure Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.