Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares Acquired by Beck Bode LLC

Beck Bode LLC grew its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 465,944 shares of the utilities provider’s stock after purchasing an additional 56,958 shares during the quarter. Atlantica Sustainable Infrastructure makes up 2.2% of Beck Bode LLC’s investment portfolio, making the stock its 13th largest position. Beck Bode LLC owned approximately 0.41% of Atlantica Sustainable Infrastructure worth $10,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AY. Insight Folios Inc raised its stake in Atlantica Sustainable Infrastructure by 2.5% during the 4th quarter. Insight Folios Inc now owns 23,000 shares of the utilities provider’s stock worth $494,000 after acquiring an additional 566 shares in the last quarter. IFP Advisors Inc raised its stake in Atlantica Sustainable Infrastructure by 37.1% during the 3rd quarter. IFP Advisors Inc now owns 2,578 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 698 shares in the last quarter. PFG Investments LLC raised its stake in Atlantica Sustainable Infrastructure by 3.6% during the 3rd quarter. PFG Investments LLC now owns 21,925 shares of the utilities provider’s stock worth $419,000 after acquiring an additional 771 shares in the last quarter. Sargent Investment Group LLC raised its stake in Atlantica Sustainable Infrastructure by 2.9% during the 4th quarter. Sargent Investment Group LLC now owns 42,905 shares of the utilities provider’s stock worth $922,000 after acquiring an additional 1,205 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Atlantica Sustainable Infrastructure by 9.5% during the 4th quarter. Handelsbanken Fonder AB now owns 17,676 shares of the utilities provider’s stock worth $380,000 after acquiring an additional 1,537 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AY. UBS Group raised shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $25.00 in a research report on Friday, March 22nd. StockNews.com downgraded shares of Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. National Bank Financial downgraded shares of Atlantica Sustainable Infrastructure from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 3rd. Bank of America lowered their target price on shares of Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 26th. Finally, Royal Bank of Canada lowered their target price on shares of Atlantica Sustainable Infrastructure from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.67.

Atlantica Sustainable Infrastructure Trading Down 1.9 %

Shares of NASDAQ:AY traded down $0.38 during trading on Tuesday, reaching $19.57. The stock had a trading volume of 1,574,876 shares, compared to its average volume of 1,011,023. The business has a fifty day moving average price of $18.29 and a 200-day moving average price of $19.04. The company has a quick ratio of 1.57, a current ratio of 1.62 and a debt-to-equity ratio of 3.14. The stock has a market cap of $2.27 billion, a P/E ratio of 46.60, a PEG ratio of 1.02 and a beta of 0.97. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $16.35 and a fifty-two week high of $26.95.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its quarterly earnings data on Friday, March 1st. The utilities provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.25. The business had revenue of $241.31 million during the quarter, compared to analyst estimates of $243.81 million. Atlantica Sustainable Infrastructure had a net margin of 4.43% and a return on equity of 2.91%. During the same quarter in the previous year, the business posted $0.03 earnings per share. As a group, analysts anticipate that Atlantica Sustainable Infrastructure plc will post 0.53 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 12th were issued a $0.445 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.78 dividend on an annualized basis and a yield of 9.10%. Atlantica Sustainable Infrastructure’s payout ratio is 423.82%.

Atlantica Sustainable Infrastructure 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.