Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Short Interest Update

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 1,640,000 shares, an increase of 8.6% from the August 15th total of 1,510,000 shares. Based on an average daily trading volume, of 477,300 shares, the short-interest ratio is currently 3.4 days. Approximately 2.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Several institutional investors have recently added to or reduced their stakes in the business. Resources Management Corp CT ADV acquired a new position in shares of Atlantica Sustainable Infrastructure during the 1st quarter valued at about $37,000. FMR LLC increased its position in 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 last quarter. PNC Financial Services Group Inc. raised its stake in 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. Endurance Wealth Management Inc. acquired a new position in shares of Atlantica Sustainable Infrastructure in the 1st quarter valued at $32,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $27,000. 41.06% of the stock is currently owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Trading Down 0.6 %

NASDAQ:AY traded down $0.14 on Monday, reaching $22.74. The stock had a trading volume of 107,092 shares, compared to its average volume of 592,426. Atlantica Sustainable Infrastructure has a 12-month low of $21.54 and a 12-month high of $32.64. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 162.71, a P/E/G ratio of 0.87 and a beta of 0.83. The firm’s fifty day moving average is $22.98 and its two-hundred day moving average is $24.98. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.84 and a quick ratio of 1.77.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.11. The business had revenue of $312.11 million for the quarter, compared to the consensus estimate of $315.89 million. Atlantica Sustainable Infrastructure had a net margin of 1.38% and a return on equity of 0.86%. Equities analysts expect that Atlantica Sustainable Infrastructure will post 0.53 EPS for the current fiscal year.

Atlantica Sustainable Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date of this dividend was Wednesday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 1,271.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AY shares. StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure in a research report on Thursday, August 17th. They set a “hold” rating for the company. National Bank Financial raised Atlantica Sustainable Infrastructure from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Saturday, July 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Atlantica Sustainable Infrastructure from $28.00 to $27.00 in a research report on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Atlantica Sustainable Infrastructure has a consensus rating of “Hold” and a consensus price target of $31.14.

Atlantica Sustainable Infrastructure Company Profile

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. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.