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

Marshall Wace LLP cut its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) by 9.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,096 shares of the utilities provider’s stock after selling 20,757 shares during the period. Marshall Wace LLP’s holdings in Atlantica Sustainable Infrastructure were worth $5,263,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Invesco Ltd. increased its holdings in Atlantica Sustainable Infrastructure by 23.9% in the first quarter. Invesco Ltd. now owns 3,124,558 shares of the utilities provider’s stock valued at $109,577,000 after buying an additional 601,826 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Atlantica Sustainable Infrastructure during the third quarter worth about $7,547,000. Amundi boosted its stake in Atlantica Sustainable Infrastructure by 19.5% during the second 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 period. Millennium Management LLC purchased a new position in Atlantica Sustainable Infrastructure during the second quarter worth about $7,086,000. Finally, Renaissance Technologies LLC boosted its stake in Atlantica Sustainable Infrastructure by 28.5% during the third quarter. Renaissance Technologies LLC now owns 838,155 shares of the utilities provider’s stock worth $22,043,000 after buying an additional 186,100 shares during the period. 39.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TheStreet downgraded shares of Atlantica Sustainable Infrastructure from a “c-” rating to a “d+” rating in a research report on Tuesday, November 29th. JPMorgan Chase & Co. lowered their price target on Atlantica Sustainable Infrastructure from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. Morgan Stanley reduced their price objective on shares of Atlantica Sustainable Infrastructure from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, January 30th. Bank of America raised shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, March 8th. Finally, Royal Bank of Canada raised Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Tuesday, January 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $33.57.

Atlantica Sustainable Infrastructure Stock Performance

NASDAQ AY opened at $27.55 on Tuesday. Atlantica Sustainable Infrastructure plc has a 1-year low of $24.42 and a 1-year high of $36.35. The company has a current ratio of 1.99, a quick ratio of 1.92 and a debt-to-equity ratio of 2.92. The company has a 50 day moving average of $26.96 and a 200-day moving average of $27.79. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -688.75, a PEG ratio of 3.77 and a beta of 0.83.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 25th. Investors of record on Tuesday, March 14th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Monday, March 13th. Atlantica Sustainable Infrastructure’s dividend payout ratio is presently -4,450.00%.

Atlantica Sustainable Infrastructure Company Profile

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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.