Oppenheimer & Co. Inc. Has $217,000 Stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Oppenheimer & Co. Inc. decreased its position in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) by 17.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,717 shares of the utilities provider’s stock after selling 1,389 shares during the period. Oppenheimer & Co. Inc.’s holdings in Atlantica Sustainable Infrastructure were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of Atlantica Sustainable Infrastructure by 122.2% during the 1st 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. Lazard Asset Management LLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 200.0% during the 1st 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. Selective Wealth Management Inc. increased its holdings in shares of Atlantica Sustainable Infrastructure by 398.8% during the 2nd quarter. Selective Wealth Management Inc. now owns 2,135 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 1,707 shares during the period. WASHINGTON TRUST Co bought a new position in shares of Atlantica Sustainable Infrastructure during the 1st quarter worth about $123,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Atlantica Sustainable Infrastructure during the 1st quarter worth about $244,000. Institutional investors and hedge funds own 40.05% of the company’s stock.

Analyst Ratings Changes

AY has been the topic of a number of analyst reports. Bank of America cut shares of Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and lowered their target price for the company from $37.00 to $34.00 in a research note on Monday, September 19th. StockNews.com cut shares of Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a research note on Friday, November 11th. Royal Bank of Canada lowered their target price on shares of Atlantica Sustainable Infrastructure from $38.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 10th. JPMorgan Chase & Co. upped their target price on shares of Atlantica Sustainable Infrastructure from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Finally, UBS Group upped their target price on shares of Atlantica Sustainable Infrastructure from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.63.

Atlantica Sustainable Infrastructure Price Performance

Shares of Atlantica Sustainable Infrastructure stock opened at $28.01 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.11 and a debt-to-equity ratio of 2.87. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -164.76 and a beta of 0.82. Atlantica Sustainable Infrastructure plc has a 1-year low of $24.42 and a 1-year high of $40.90. The firm’s 50-day moving average price is $27.98 and its two-hundred day moving average price is $31.35.

Atlantica Sustainable Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, November 29th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 6.35%. Atlantica Sustainable Infrastructure’s payout ratio is -1,047.00%.

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.

Further Reading

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Institutional Ownership by Quarter for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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