Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.78.
Several brokerages have weighed in on AY. Morgan Stanley cut their price target on Atlantica Sustainable Infrastructure from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 12th. BMO Capital Markets began coverage on Atlantica Sustainable Infrastructure in a research report on Wednesday, April 6th. They set a “market perform” rating and a $37.00 price target on the stock. Bank of America raised Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, May 12th. JPMorgan Chase & Co. began coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, March 24th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, StockNews.com started coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, March 31st. They set a “hold” rating on the stock.
Institutional investors have recently modified their holdings of the stock. AllSquare Wealth Management LLC lifted its stake in Atlantica Sustainable Infrastructure by 250.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 700 shares of the utilities provider’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Atlantica Sustainable Infrastructure by 1,330.2% in the 4th quarter. Clearstead Advisors LLC now owns 758 shares of the utilities provider’s stock valued at $27,000 after buying an additional 705 shares in the last quarter. Horan Securities Inc. purchased a new position in Atlantica Sustainable Infrastructure in the 4th quarter valued at about $31,000. Quent Capital LLC purchased a new position in Atlantica Sustainable Infrastructure in the 4th quarter valued at about $36,000. Finally, PNC Financial Services Group Inc. lifted its stake in Atlantica Sustainable Infrastructure by 122.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the utilities provider’s stock valued at $35,000 after buying an additional 550 shares in the last quarter. 40.05% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ AY opened at $33.80 on Monday. The company has a debt-to-equity ratio of 3.14, a current ratio of 2.17 and a quick ratio of 2.11. The stock’s fifty day moving average price is $32.63 and its 200 day moving average price is $33.82. Atlantica Sustainable Infrastructure has a 1 year low of $28.82 and a 1 year high of $41.32. The company has a market cap of $3.80 billion, a price-to-earnings ratio of -177.89 and a beta of 0.74.
Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Rating) last released its earnings results on Monday, May 9th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The firm had revenue of $247.45 million during the quarter, compared to analyst estimates of $273.82 million. Atlantica Sustainable Infrastructure had a negative net margin of 1.88% and a negative return on equity of 1.26%. During the same period in the previous year, the company earned ($0.17) earnings per share. Research analysts expect that Atlantica Sustainable Infrastructure will post 0.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Friday, May 27th. Atlantica Sustainable Infrastructure’s payout ratio is currently -926.27%.
About Atlantica Sustainable Infrastructure (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.
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Source: defenseworld.net
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