According to the most recent statement that the investment advisory firm Tempus Wealth Planning LLC filed with the Securities and Exchange Commission, the firm purchased a new stake in Atlantica Sustainable Infrastructure plc (NASDAQ: AY) during the third quarter of 2018. (SEC).
The investment fund purchased a total of 8,316 shares of stock in the utility service provider for a price of approximately $219,000.
Shares of AY have been bought and sold by several other institutional investors and hedge funds over the most recent few months.
During the second quarter, FMR LLC successfully increased the proportion of its holdings invested in Atlantica Sustainable Infrastructure by 63.6%.
After acquiring 371 shares during the period in question, FMR LLC now holds 954 shares of the utility provider’s stock.
Based on the current market price, this gives the company a value of $31,000.
The value of Truvestments Capital LLC’s new holding investment in Atlantica Sustainable Infrastructure was $32,000 and was made during the second quarter of the year. Orion Capital Management LLC made a new investment in Atlantica Sustainable Infrastructure during the third quarter, worth $26,000 in capital.
PNC Financial Services Group INC increased the percentage of ownership it held in Atlantica Sustainable Infrastructure by 122.2% over the first three months of 2018.
After making an additional purchase of 550 shares during the period in question, PNC Financial Services Group INC now has 1,000 shares of the utilities provider’s stock, currently worth $35,000.
Last but not least, during the second quarter, SeaCrest Wealth Management LLC contributed approximately 42,000 dollars toward forming a new position in Atlantic Sustainable Infrastructure. Currently, 39.37% of the company’s shares are owned by hedge funds and other institutional investors.
Several research analysts have recently expressed interest in discussing AY stock as a topic of conversation.
BMO Capital Markets upgraded the company from a rating of “market perform” to an upgraded rating of “outperform” and raised their target price on shares of Atlantica Sustainable Infrastructure from $28.00 to $30.00 within a research report published on Thursday, November 10th.
The previous rating that StockNews.com had assigned to Atlantica Sustainable Infrastructure was changed from “sell” to “hold” in a research report published on Tuesday, December 6th, and was related to the company.
An article published on November 29th by TheStreet gave Atlantica Sustainable Infrastructure a rating of “d+,” which is a lower grade than the “c-” rating previously given.
In a report released on January 30th, Morgan Stanley lowered their price objective for Atlantica Sustainable Infrastructure from $36.00 to $33.00 and changed their rating for the company from “equal weight” to “underweight.” In a research note released on Tuesday, January 17th, the Royal Bank of Canada upgraded shares of Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating.
In addition to this, they determined that a price target of $34.00 was appropriate for the stock.
The stock has been given a hold rating by all six research professionals, with only two recommending that investors purchase it.
According to information from Bloomberg, the company has been given an overall recommendation of “Hold,” and the consensus price objective for the stock has been established at $35.57.
NASDAQ: AY was first available for trading on Tuesday with an opening price of $25.91. Over the previous 52 weeks, the price of Atlantica Sustainable Infrastructure Plc has fluctuated between a low of $24.42 and a high of $36.85.
The moving average of the company’s stock price over the past 200 days is $28.58, while the moving average over the last 50 days is $26.59.
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The company known as Atlantica Sustainable Infrastructure Plc is involved in the ownership of renewable energy and its management and acquisition.
It is particularly effective in water, natural gas, electrical transmission, and alternative forms of energy, to name just a few of these fields.
It is considered a part of the renewable energy sector, which includes power plants that generate electricity by utilizing natural sources of energy, such as the sun and the wind.
Source: beststocks.com
