Steward Partners Investment Advisory LLC Has $220,000 Holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

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Steward Partners Investment Advisory LLC cut its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) by 27.5% in the 1st quarter, HoldingsChannel reports. The fund owned 6,270 shares of the utilities provider’s stock after selling 2,382 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Atlantica Sustainable Infrastructure were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AY. Renaissance Technologies LLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 48.3% during the fourth quarter. Renaissance Technologies LLC now owns 945,555 shares of the utilities provider’s stock worth $33,813,000 after purchasing an additional 308,100 shares during the period. Northern Trust Corp increased its holdings in shares of Atlantica Sustainable Infrastructure by 166.7% during the fourth quarter. Northern Trust Corp now owns 187,344 shares of the utilities provider’s stock worth $6,700,000 after purchasing an additional 117,091 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Atlantica Sustainable Infrastructure by 91.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 215,178 shares of the utilities provider’s stock worth $7,695,000 after purchasing an additional 102,729 shares during the period. First Trust Advisors LP increased its stake in Atlantica Sustainable Infrastructure by 11.2% in the fourth quarter. First Trust Advisors LP now owns 952,992 shares of the utilities provider’s stock valued at $34,079,000 after acquiring an additional 96,034 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in Atlantica Sustainable Infrastructure by 1.5% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 2,991,085 shares of the utilities provider’s stock valued at $106,961,000 after acquiring an additional 45,125 shares during the last quarter. 40.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AY has been the topic of a number of recent analyst reports. Raymond James set a $43.00 price objective on shares of Atlantica Sustainable Infrastructure and gave the company an “outperform” rating in a research note on Tuesday, May 10th. Bank of America raised shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Thursday, May 12th. BMO Capital Markets initiated coverage on shares of Atlantica Sustainable Infrastructure in a research note on Wednesday, April 6th. They issued a “market perform” rating and a $37.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on shares of Atlantica Sustainable Infrastructure from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 12th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Atlantica Sustainable Infrastructure has a consensus rating of “Hold” and an average target price of $39.50.

Atlantica Sustainable Infrastructure Stock Performance

Shares of Atlantica Sustainable Infrastructure stock opened at $35.66 on Friday. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $28.82 and a fifty-two week high of $41.32. 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 firm has a market capitalization of $4.01 billion, a P/E ratio of -187.67 and a beta of 0.71. The company’s 50 day moving average price is $32.91 and its two-hundred day moving average price is $32.94.

Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The utilities provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $247.45 million for the quarter, compared to analyst estimates of $273.82 million. Atlantica Sustainable Infrastructure had a negative return on equity of 1.26% and a negative net margin of 1.88%. During the same quarter last year, the firm posted ($0.17) EPS. On average, equities analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.49 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.94%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently -926.27%.

Atlantica Sustainable Infrastructure Company Profile

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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.