Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) by 19.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,751 shares of the utilities provider’s stock after acquiring an additional 3,847 shares during the quarter. SG Americas Securities LLC’s holdings in Atlantica Sustainable Infrastructure were worth $833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Abundance Wealth Counselors grew its position in Atlantica Sustainable Infrastructure by 23.7% during the first quarter. Abundance Wealth Counselors now owns 19,415 shares of the utilities provider’s stock valued at $681,000 after buying an additional 3,726 shares during the period. Flputnam Investment Management Co. grew its position in Atlantica Sustainable Infrastructure by 34.4% during the first quarter. Flputnam Investment Management Co. now owns 9,293 shares of the utilities provider’s stock valued at $326,000 after buying an additional 2,380 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Atlantica Sustainable Infrastructure during the first quarter valued at $244,000. Paragon Private Wealth Management LLC acquired a new stake in Atlantica Sustainable Infrastructure during the first quarter valued at $732,000. Finally, Good Life Advisors LLC acquired a new stake in Atlantica Sustainable Infrastructure during the first quarter valued at $205,000. Institutional investors and hedge funds own 40.05% of the company’s stock.

Atlantica Sustainable Infrastructure Stock Performance

NASDAQ:AY opened at $35.48 on Tuesday. The company’s 50-day moving average price is $32.96 and its 200-day moving average price is $32.96. The company has a current ratio of 2.17, a quick ratio of 2.11 and a debt-to-equity ratio of 3.14. The company has a market cap of $3.99 billion, a P/E ratio of -186.73 and a beta of 0.73. Atlantica Sustainable Infrastructure plc has a twelve month low of $28.82 and a twelve month high of $41.32.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) last posted its quarterly earnings results on Monday, May 9th. The utilities provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Atlantica Sustainable Infrastructure had a negative return on equity of 1.26% and a negative net margin of 1.88%. The business had revenue of $247.45 million during the quarter, compared to analysts’ expectations of $273.82 million. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, sell-side analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.51 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date was Friday, May 27th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently -926.27%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BMO Capital Markets initiated coverage on shares of Atlantica Sustainable Infrastructure in a research report on Wednesday, April 6th. They set a “market perform” rating and a $37.00 price target on the stock. Raymond James set a $43.00 price objective on shares of Atlantica Sustainable Infrastructure and gave the company an “outperform” rating in a report on Tuesday, May 10th. Morgan Stanley decreased their price objective on shares of Atlantica Sustainable Infrastructure from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 12th. Finally, Bank of America raised shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, May 12th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.50.

Atlantica Sustainable Infrastructure Company Profile

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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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