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

Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) have been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $23.67.

AY has been the subject of a number of analyst reports. BMO Capital Markets reduced their price target on Atlantica Sustainable Infrastructure from $24.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, March 5th. UBS Group upgraded Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $19.00 to $25.00 in a research report on Friday, March 22nd. Royal Bank of Canada reduced their price target on Atlantica Sustainable Infrastructure from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. Bank of America cut their price objective on Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, March 26th. Finally, StockNews.com lowered Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AY. Insight Folios Inc increased its position in Atlantica Sustainable Infrastructure by 2.5% in the 4th quarter. Insight Folios Inc now owns 23,000 shares of the utilities provider’s stock worth $494,000 after purchasing an additional 566 shares during the last quarter. IFP Advisors Inc increased its position in Atlantica Sustainable Infrastructure by 37.1% in the 3rd quarter. IFP Advisors Inc now owns 2,578 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 698 shares during the last quarter. PFG Investments LLC increased its position in Atlantica Sustainable Infrastructure by 3.6% in the 3rd quarter. PFG Investments LLC now owns 21,925 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 771 shares during the last quarter. Rational Advisors LLC increased its position in Atlantica Sustainable Infrastructure by 113.8% in the 1st quarter. Rational Advisors LLC now owns 1,926 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Sargent Investment Group LLC increased its position in Atlantica Sustainable Infrastructure by 2.9% in the 4th quarter. Sargent Investment Group LLC now owns 42,905 shares of the utilities provider’s stock worth $922,000 after purchasing an additional 1,205 shares during the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Price Performance

Shares of AY opened at $20.00 on Tuesday. The company has a market cap of $2.32 billion, a P/E ratio of 47.62, a PEG ratio of 1.10 and a beta of 0.97. The stock has a fifty day moving average price of $18.27 and a 200 day moving average price of $19.01. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.62 and a quick ratio of 1.57. Atlantica Sustainable Infrastructure has a 12 month low of $16.35 and a 12 month high of $26.95.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last issued its quarterly earnings data on Friday, March 1st. The utilities provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.25. The firm had revenue of $241.31 million during the quarter, compared to the consensus estimate of $243.81 million. Atlantica Sustainable Infrastructure had a return on equity of 2.91% and a net margin of 4.43%. During the same period in the prior year, the business earned $0.03 EPS. On average, research analysts forecast that Atlantica Sustainable Infrastructure will post 0.5 earnings per share for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 12th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 8.90%. The ex-dividend date was Monday, March 11th. Atlantica Sustainable Infrastructure’s payout ratio is 423.82%.

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 North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.