Vaughan Nelson Investment Management L.P. lowered its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 18.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 364,427 shares of the utilities provider’s stock after selling 84,623 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.36% of Atlantica Sustainable Infrastructure worth $10,425,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of AY. Advisor Group Holdings Inc. acquired a new position in Atlantica Sustainable Infrastructure during the first quarter worth $125,000. Blue Rock Advisors LLC raised its holdings in Atlantica Sustainable Infrastructure by 127.1% during the second quarter. Blue Rock Advisors LLC now owns 5,279 shares of the utilities provider’s stock worth $154,000 after buying an additional 2,954 shares during the last quarter. Stifel Financial Corp acquired a new position in Atlantica Sustainable Infrastructure during the second quarter worth $212,000. Fox Run Management L.L.C. acquired a new position in Atlantica Sustainable Infrastructure during the second quarter worth $217,000. Finally, Usca Ria LLC acquired a new position in Atlantica Sustainable Infrastructure during the third quarter worth $229,000. Hedge funds and other institutional investors own 37.03% of the company’s stock.
Several research firms have weighed in on AY. Raymond James upped their price objective on shares of Atlantica Sustainable Infrastructure from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, November 9th. Zacks Investment Research upgraded shares of Atlantica Sustainable Infrastructure from a “sell” rating to a “hold” rating in a research note on Monday, November 9th. BidaskClub upgraded shares of Atlantica Sustainable Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 10th. Seaport Global Securities began coverage on shares of Atlantica Sustainable Infrastructure in a research note on Tuesday, September 8th. They issued a “neutral” rating for the company. Finally, Morgan Stanley upped their target price on shares of Atlantica Sustainable Infrastructure from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $32.20.
AY opened at $34.30 on Tuesday. The firm has a market cap of $3.48 billion, a P/E ratio of 58.14, a PEG ratio of 1.22 and a beta of 0.59. The firm has a 50-day moving average of $30.40 and a 200 day moving average of $28.58. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.36 and a current ratio of 1.81. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $17.74 and a fifty-two week high of $37.98.
Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its quarterly earnings results on Friday, November 6th. The utilities provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.15. Atlantica Sustainable Infrastructure had a net margin of 6.37% and a return on equity of 3.86%. Equities research analysts predict that Atlantica Sustainable Infrastructure plc will post 0.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, November 27th. This represents a $1.68 annualized dividend and a yield of 4.90%. Atlantica Sustainable Infrastructure’s payout ratio is currently 275.41%.
Atlantica Sustainable Infrastructure Profile
Atlantica Sustainable Infrastructure plc acquires, owns, and manages renewable energy, natural gas, transmission and transportation infrastructures, and water assets in the United States, Canada, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. It owns 25 assets comprising 1,496 MW of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 1,166 miles of electric transmission lines; and 10.5 million cubic feet per day of water desalination assets.
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