MRP Capital Investments LLC Boosts Stock Holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

MRP Capital Investments LLC raised its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 22.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,290 shares of the utilities provider’s stock after acquiring an additional 5,605 shares during the quarter. MRP Capital Investments LLC’s holdings in Atlantica Sustainable Infrastructure were worth $665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its holdings in shares of Atlantica Sustainable Infrastructure by 110.8% during the 1st quarter. Lazard Asset Management LLC now owns 9,826,614 shares of the utilities provider’s stock worth $181,595,000 after acquiring an additional 5,164,084 shares during the period. Alpine Associates Management Inc. purchased a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter valued at approximately $23,699,000. Norges Bank purchased a new stake in shares of Atlantica Sustainable Infrastructure during the fourth quarter valued at approximately $15,487,000. Picton Mahoney Asset Management bought a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter valued at approximately $13,719,000. Finally, Beck Bode LLC raised its holdings in Atlantica Sustainable Infrastructure by 30.9% in the 1st quarter. Beck Bode LLC now owns 609,940 shares of the utilities provider’s stock worth $11,272,000 after acquiring an additional 143,996 shares during the last quarter. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Analyst Ratings Changes

AY has been the topic of several recent analyst reports. UBS Group downgraded Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $22.00 in a research note on Thursday, May 30th. Seaport Res Ptn lowered Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. National Bankshares raised their target price on Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 28th. Finally, StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure in a research report on Thursday. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Atlantica Sustainable Infrastructure currently has an average rating of “Hold” and a consensus target price of $22.67.

Atlantica Sustainable Infrastructure Stock Up 0.2 %

NASDAQ AY opened at $21.92 on Thursday. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.35 and a 52 week high of $23.47. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26. The company has a market capitalization of $2.54 billion, a P/E ratio of 47.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The stock’s 50-day moving average price is $22.05 and its 200-day moving average price is $20.99.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The firm had revenue of $328.26 million during the quarter, compared to the consensus estimate of $315.07 million. Atlantica Sustainable Infrastructure had a return on equity of 2.54% and a net margin of 3.59%. On average, equities research analysts predict that Atlantica Sustainable Infrastructure plc will post 0.28 earnings per share for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.445 per share. The ex-dividend date was Friday, August 30th. This represents a $1.78 dividend on an annualized basis and a yield of 8.12%. Atlantica Sustainable Infrastructure’s dividend payout ratio is presently 386.96%.

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.