Syquant Capital Sas Buys New Holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Syquant Capital Sas purchased a new position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,034 shares of the utilities provider’s stock, valued at approximately $1,826,000. Atlantica Sustainable Infrastructure makes up approximately 6.7% of Syquant Capital Sas’ portfolio, making the stock its 3rd largest position. Syquant Capital Sas owned 0.07% of Atlantica Sustainable Infrastructure as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AY. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Atlantica Sustainable Infrastructure during the second quarter valued at about $30,000. Riverview Trust Co bought a new position in shares of Atlantica Sustainable Infrastructure in the first quarter valued at approximately $42,000. Headlands Technologies LLC boosted its position in shares of Atlantica Sustainable Infrastructure by 499.4% during the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after buying an additional 3,411 shares during the last quarter. Covestor Ltd grew its holdings in Atlantica Sustainable Infrastructure by 12.8% during the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after buying an additional 1,064 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Atlantica Sustainable Infrastructure in the 1st quarter valued at $196,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure in a report on Saturday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.75.

Atlantica Sustainable Infrastructure Stock Performance

Shares of AY traded down $0.01 during trading hours on Friday, hitting $21.94. The company’s stock had a trading volume of 781,354 shares, compared to its average volume of 1,264,351. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 47.70, a PEG ratio of 2.14 and a beta of 1.03. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. The business has a 50 day simple moving average of $22.03 and a two-hundred day simple moving average of $21.32. Atlantica Sustainable Infrastructure plc has a 52-week low of $16.35 and a 52-week high of $23.47.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its quarterly earnings results 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 company 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 analysts expect that Atlantica Sustainable Infrastructure plc will post 0.28 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 8.11%. The ex-dividend date was Friday, August 30th. Atlantica Sustainable Infrastructure’s payout ratio is 386.96%.

About Atlantica Sustainable Infrastructure

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.