Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) have received an average recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $33.57.
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Several brokerages recently commented on AY. Morgan Stanley reduced their target price on Atlantica Sustainable Infrastructure from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, January 30th. StockNews.com raised Atlantica Sustainable Infrastructure from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. Bank of America raised Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, March 8th. JPMorgan Chase & Co. cut their price objective on Atlantica Sustainable Infrastructure from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. Finally, Royal Bank of Canada raised Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Tuesday, January 17th.
Hedge Funds Weigh In On Atlantica Sustainable Infrastructure
Institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. lifted its holdings in shares of Atlantica Sustainable Infrastructure by 39.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 13,014 shares of the utilities provider’s stock valued at $415,000 after purchasing an additional 3,676 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Atlantica Sustainable Infrastructure by 37.4% during the 1st quarter. Citigroup Inc. now owns 111,622 shares of the utilities provider’s stock valued at $3,915,000 after purchasing an additional 30,406 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 valued at $35,000 after purchasing an additional 550 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Atlantica Sustainable Infrastructure by 50.1% during the 1st quarter. Bank of Montreal Can now owns 53,967 shares of the utilities provider’s stock valued at $1,881,000 after purchasing an additional 18,014 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Atlantica Sustainable Infrastructure by 5.3% during the 1st quarter. BlackRock Inc. now owns 2,097,975 shares of the utilities provider’s stock valued at $73,575,000 after purchasing an additional 105,043 shares in the last quarter. 39.37% of the stock is currently owned by institutional investors and hedge funds.
Atlantica Sustainable Infrastructure Trading Up 0.9 %
Shares of Atlantica Sustainable Infrastructure stock opened at $27.80 on Wednesday. The company’s fifty day simple moving average is $26.99 and its 200-day simple moving average is $27.75. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -695.00, a PEG ratio of 3.77 and a beta of 0.83. The company has a current ratio of 1.99, a quick ratio of 1.92 and a debt-to-equity ratio of 2.92. Atlantica Sustainable Infrastructure has a 1 year low of $24.42 and a 1 year high of $36.35.
Atlantica Sustainable Infrastructure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 25th. Stockholders of record on Tuesday, March 14th will be given a dividend of $0.445 per share. The ex-dividend date is Monday, March 13th. This represents a $1.78 annualized dividend and a dividend yield of 6.40%. Atlantica Sustainable Infrastructure’s payout ratio is currently -4,450.00%.
Atlantica Sustainable Infrastructure Company Profile
Atlantica Sustainable Infrastructure Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants.
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Source: marketbeat.com
