Raymond James & Associates Has $5.70 Million Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Raymond James & Associates decreased its stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,019 shares of the utilities provider’s stock after selling 14,601 shares during the period. Raymond James & Associates’ holdings in Atlantica Sustainable Infrastructure were worth $5,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP grew its holdings in Atlantica Sustainable Infrastructure by 22.8% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 4,339,482 shares of the utilities provider’s stock worth $112,393,000 after acquiring an additional 805,598 shares during the period. 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 worth $109,577,000 after purchasing an additional 601,826 shares in the last quarter. Premier Fund Managers Ltd boosted its holdings in shares of Atlantica Sustainable Infrastructure by 182.6% during the 4th quarter. Premier Fund Managers Ltd now owns 650,000 shares of the utilities provider’s stock worth $45,594,000 after buying an additional 420,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 3rd quarter worth approximately $7,547,000. Finally, Millennium Management LLC bought a new stake in shares of Atlantica Sustainable Infrastructure in the 2nd quarter valued at $7,086,000. 39.37% of the stock is currently owned by institutional investors.

Atlantica Sustainable Infrastructure Stock Performance

Shares of AY opened at $25.02 on Monday. Atlantica Sustainable Infrastructure plc has a 1 year low of $24.42 and a 1 year high of $36.35. The company has a debt-to-equity ratio of 3.10, a current ratio of 2.00 and a quick ratio of 1.94. The stock’s fifty day moving average price is $27.17 and its two-hundred day moving average price is $27.11. The firm has a market cap of $2.81 billion, a PE ratio of -833.72, a PEG ratio of 3.27 and a beta of 0.84.

Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.23. The business had revenue of $243.62 million for the quarter, compared to analysts’ expectations of $250.09 million. Atlantica Sustainable Infrastructure had a negative return on equity of 0.25% and a negative net margin of 0.40%. On average, equities research analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.16 EPS for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend is Tuesday, May 30th. Atlantica Sustainable Infrastructure’s payout ratio is currently -5,931.36%.

Analyst Ratings Changes

A number of research firms have commented on AY. Bank of America upgraded shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, March 8th. StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a research note on Thursday. They set a “hold” rating on the stock. National Bankshares raised Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Monday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of Atlantica Sustainable Infrastructure from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. Finally, Morgan Stanley dropped their target price on shares of Atlantica Sustainable Infrastructure from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, January 30th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has a consensus rating of “Hold” and a consensus price target of $31.75.

About Atlantica Sustainable Infrastructure

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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.