Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Receives Average Recommendation of “Hold” from Brokerages

Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $39.78.

A number of analysts have recently weighed in on the stock. Morgan Stanley cut 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 research note on Tuesday, April 12th. JPMorgan Chase & Co. assumed coverage on shares of Atlantica Sustainable Infrastructure in a research note on Thursday, March 24th. They issued a “neutral” rating and a $40.00 price objective on the stock. BMO Capital Markets assumed coverage on shares of Atlantica Sustainable Infrastructure in a research note on Wednesday, April 6th. They issued a “market perform” rating and a $37.00 price objective on the stock. Raymond James set a $43.00 price objective on shares of Atlantica Sustainable Infrastructure and gave the stock an “outperform” rating in a research note on Tuesday, May 10th. Finally, StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Several institutional investors and hedge funds have recently made changes to their positions in AY. FMR LLC purchased a new position in shares of Atlantica Sustainable Infrastructure in the first quarter valued at approximately $26,976,000. First Trust Advisors LP boosted its stake in shares of Atlantica Sustainable Infrastructure by 3.8% in the first quarter. First Trust Advisors LP now owns 97,845 shares of the utilities provider’s stock valued at $1,904,000 after purchasing an additional 3,562 shares during the period. Millennium Management LLC purchased a new position in shares of Atlantica Sustainable Infrastructure in the second quarter valued at approximately $448,000. Wells Fargo & Company MN boosted its stake in shares of Atlantica Sustainable Infrastructure by 48.6% in the second quarter. Wells Fargo & Company MN now owns 43,434 shares of the utilities provider’s stock valued at $1,616,000 after purchasing an additional 14,215 shares during the period. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Atlantica Sustainable Infrastructure by 5.0% in the third quarter. Advisor Group Holdings Inc. now owns 10,464 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 496 shares during the period. Institutional investors and hedge funds own 40.05% of the company’s stock.

Shares of NASDAQ AY traded up $0.26 during trading hours on Thursday, hitting $33.38. 391,992 shares of the stock were exchanged, compared to its average volume of 594,081. The company has a quick ratio of 2.11, a current ratio of 2.17 and a debt-to-equity ratio of 3.14. The company has a market cap of $3.75 billion, a PE ratio of -175.67 and a beta of 0.75. The firm has a fifty day moving average price of $32.85 and a 200-day moving average price of $34.39. Atlantica Sustainable Infrastructure has a 12 month low of $28.82 and a 12 month high of $41.32.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) last issued its quarterly earnings results on Monday, May 9th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). Atlantica Sustainable Infrastructure had a negative net margin of 1.88% and a negative return on equity of 1.26%. During the same quarter last year, the business posted ($0.17) EPS. As a group, equities analysts anticipate that Atlantica Sustainable Infrastructure will post 0.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Friday, May 27th. Atlantica Sustainable Infrastructure’s payout ratio is currently -926.27%.

Atlantica Sustainable Infrastructure Company Profile (Get Rating)

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

Analyst Recommendations for Atlantica Sustainable Infrastructure (NASDAQ:AY)

Receive News & Ratings for Atlantica Sustainable Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantica Sustainable Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.