Renaissance Technologies LLC Trims Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Renaissance Technologies LLC decreased its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 823,455 shares of the utilities provider’s stock after selling 80,300 shares during the quarter. Renaissance Technologies LLC owned about 0.71% of Atlantica Sustainable Infrastructure worth $18,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Waterloo Capital L.P. purchased a new position in Atlantica Sustainable Infrastructure during the 4th quarter valued at about $1,995,000. Hsbc Holdings PLC bought a new stake in shares of Atlantica Sustainable Infrastructure in the 4th quarter worth approximately $1,138,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Atlantica Sustainable Infrastructure in the 4th quarter worth approximately $27,000. Prevail Innovative Wealth Advisors LLC bought a new position in Atlantica Sustainable Infrastructure during the 1st quarter valued at approximately $1,815,000. Finally, Manning & Napier Advisors LLC purchased a new position in Atlantica Sustainable Infrastructure during the second quarter valued at $2,195,000. Institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of AY opened at $21.97 on Friday. The firm has a fifty day simple moving average of $22.04 and a two-hundred day simple moving average of $21.05. The firm has a market cap of $2.55 billion, a PE ratio of 47.76, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 3.26. Atlantica Sustainable Infrastructure plc has a 1-year low of $16.35 and a 1-year high of $23.47.

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

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.78 annualized dividend and a yield of 8.10%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 386.96%.

Analysts Set New Price Targets

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

Atlantica Sustainable Infrastructure Company 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.