6. CLEAN WATER AND SANITATION

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Sees … – MarketBeat

Written by Amanda

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Sees …  MarketBeat

Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) was the recipient of a large growth in short interest in December. As of December 30th, there was short interest totalling 3,050,000 shares, a growth of 23.5% from the December 15th total of 2,470,000 shares. Based on an average trading volume of 609,700 shares, the short-interest ratio is presently 5.0 days. Approximately 4.7% of the company’s stock are sold short.

Institutional Trading of Atlantica Sustainable Infrastructure

→ The Next Big Crisis Is Here (From Porter & Company)

Several hedge funds have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Atlantica Sustainable Infrastructure by 63.6% in the 2nd quarter. FMR LLC now owns 954 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 371 shares during the period. Kepos Capital LP increased its position in Atlantica Sustainable Infrastructure by 3.9% during the third quarter. Kepos Capital LP now owns 10,313 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 387 shares during the last quarter. Dana Investment Advisors Inc. raised its stake in shares of Atlantica Sustainable Infrastructure by 1.4% in the third quarter. Dana Investment Advisors Inc. now owns 29,605 shares of the utilities provider’s stock valued at $779,000 after acquiring an additional 411 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Atlantica Sustainable Infrastructure by 2.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 20,573 shares of the utilities provider’s stock worth $664,000 after acquiring an additional 422 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Atlantica Sustainable Infrastructure by 122.2% during the 1st 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. 39.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AY. TheStreet downgraded shares of Atlantica Sustainable Infrastructure from a “c-” rating to a “d+” rating in a research note on Tuesday, November 29th. BMO Capital Markets raised their price objective on Atlantica Sustainable Infrastructure from $28.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, November 10th. Royal Bank of Canada raised Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Tuesday. Finally, StockNews.com upgraded Atlantica Sustainable Infrastructure from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.00.

Atlantica Sustainable Infrastructure Stock Performance

Shares of AY stock traded down $0.29 during trading hours on Friday, reaching $26.68. 4,839 shares of the company traded hands, compared to its average volume of 979,081. The firm has a 50-day moving average price of $26.93 and a 200 day moving average price of $29.69. The company has a market cap of $3.00 billion, a P/E ratio of -158.64 and a beta of 0.83. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.17 and a quick ratio of 2.11. Atlantica Sustainable Infrastructure has a 12-month low of $24.42 and a 12-month high of $36.85.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) last released its earnings results on Wednesday, November 9th. The utilities provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.56). Atlantica Sustainable Infrastructure had a negative net margin of 1.89% and a negative return on equity of 1.20%. As a group, sell-side analysts predict that Atlantica Sustainable Infrastructure will post -0.29 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were issued a $0.445 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $1.78 annualized dividend and a dividend yield of 6.67%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is -1,047.00%.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Atlantica Sustainable Infrastructure, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Atlantica Sustainable Infrastructure wasn’t on the list.

While Atlantica Sustainable Infrastructure currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost) Everything You Need To Know About The EV Market Cover

Source: news.google.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

Leave a Comment