The nine research firms that cover Atlantica Sustainable Infrastructure plc (NASDAQ: AY), according to Bloomberg.com, have given the company’s stock an average rating of “Hold.” The stock in the company was given this particular rating. There have been eight recommendations made by various financial experts to either buy or hold the stock, with six of those experts recommending the option to hold the stock. The stock price is currently expected to reach $36.00, according to the majority forecast offered by market analysts who have covered it during the preceding year.
Several research firms have recently expressed interest in AY, which has occurred in recent weeks. The Royal Bank of Canada upgraded Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating in a research note published on Tuesday, January 17.
In addition, the financial institution established a target price of $34.00 for the company’s stock.
In a research note published on November 10, BMO Capital Markets increased their price target for Atlantica Sustainable Infrastructure from $28.00 to $30.00 and categorized the stock as “market perform.” An article of research written and published by TheStreet on Tuesday, November 29, assigned a grade of “d+” to the Atlantica Sustainable Infrastructure investment after previously assigning it a grade of “c-.” StockNews.com announced in a research note released on Tuesday, December 6, that it would be switching its recommendation on Atlantica Sustainable Infrastructure from “sell” to “hold.” This was the very last and most significant change.
The common stock of Atlantica Sustainable Infrastructure was first offered for trading on Tuesday for $27.09 per share. The debt-to-equity ratio is calculated to be 2.87, the quick ratio is calculated to be 2.11, and the current ratio is calculated to be 2.17. The company has a price-to-earnings ratio of -159.34, and its beta value comes in at 0.83. The company’s market capitalization of $3.04 billion was first offered for trading on Tuesday for $27.09 per share. The debt-to-equity ratio is calculated to be 2.87, the quick ratio is calculated to be 2.11, and the current ratio is calculated to be 2.17. The company has a price-to-earnings ratio of -159.34, and its beta value comes in at 0.83. The market capitalization of the company is $3.04 billion. The stock’s 50-day moving average is currently sitting at $26.92, and its 200-day moving average is currently at $29.55, respectively.
During the past 52 weeks, the price of Atlantica Sustainable Infrastructure has fluctuated between a low of $24.42 and a high of $36.85 at various points.
On November 9 November 9, Atlantica Sustainable Infrastructure (NASDAQ: AY) released its most recent quarterly earnings report. These earnings were for the period ending September 30 and September 30. The utility company’s profits per share for the quarter came in at $0.11, which was $0.56 less than the consensus forecast of $0.45 per share. Net margin and return on equity were in the red for Atlantica Sustainable Infrastructure, coming in at negative 1.20 percent and 1.89%, respectively.
Earnings for the current fiscal year for Atlantica Sustainable Infrastructure are expected to come in at a loss of 0.29 cents per share, as stated by the projections of industry professionals specializing in stock research.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 15.
In addition, the company just recently announced and distributed a dividend. On November 30 November 30, $0.445 dividend payments per share were made to shareholders recognized in the company’s books as owning the business. The dividend was disbursed to shareholders on November 29 and November 29 (a Tuesday), which was the month in question.
An annualized calculation suggests that this translates to a dividend payment of $1.78 and a yield of 6.57%. The dividend payout ratio for Atlantica Sustainable Infrastructure has reached a value of 1,047.00% below zero.
Recent events have resulted in several institutional investors and hedge funds either making changes to the size of their holdings in the company or increasing the size of those holdings. FMR LLC successfully increased its ownership of Atlantica Sustainable Infrastructure by 63.6% over the second quarter. FMR LLC now has 954 shares of the utility’s stock, with a combined value of $31,000. This was made possible due to the acquisition of 371 additional shares during the most recent fiscal quarter.
During the third quarter, Kepos Capital LP made a 3.9% purchase of additional Atlantica Sustainable Infrastructure stock, bringing the total amount of the company’s holdings to 100%.
After making an additional investment of 387 shares during the most recent quarter, Kepos Capital LP is now the proud owner of 10,313 shares of the company that operates as the utility provider.
A value of $271,000 is attached to these shares (as of the last report). The percentage of Atlantica Sustainable Infrastructure held in Dana Investment Advisors, Inc.’s portfolio increased by 1.4% during the third quarter of the fiscal year. The most recent quarter saw Dana Investment Advisors Inc.
Make a new purchase of 411 shares, bringing the total number of shares it owns in the utilities provider’s stock to 29,605. These shares currently have a market value of $779,000, and the company has 29,605.
During the second quarter, Vontobel Holding Ltd.
Made a 2.1% increase in the number of shares of Atlantica Sustainable Infrastructure that it owned. Vontobel Holding Ltd. now directly owns 20,573 shares with a total value of $664,000. This was accomplished by purchasing an additional 422 shares of the utility provider during the most recent fiscal quarter.
Last but not least, during the first three months of this year, PNC Financial Services Group Inc.
Increased the proportion of Atlantica Sustainable Infrastructure in which it has invested by 122.2%.
PNC Financial Services Group Inc. now owns 550 additional shares of the utilities provider’s stock after purchasing them during the most recent quarter. This brings the total number of shares acquired by PNC Financial Services Group Inc. to 1,000, which was accomplished through the expenditure of $35,000 to acquire these shares. Hedge funds and other institutional investors own the company’s stock to the extent of 39.37%.
Atlantica Sustainable Infrastructure plc owns assets related to water, renewable energy, storage, natural gas and heat, and electric transmission lines in the countries of the United States, Canada, Mexico, Peru, Chile, Colombia, Uruguay, Spain, Italy, Algeria, and South Africa. The company also makes investments in these types of assets.
Its 39 assets include a capacity for water desalination of 17.5 million cubic feet per day, a capacity for natural gas-fired power generation of 343 megawatts, a capacity for district heating of 55 megawatts, 1,229 miles of electric transmission lines, and a total installed capacity for renewable energy of 2,044 megawatts.