Cubist Systematic Strategies LLC Sells 30,629 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Cubist Systematic Strategies LLC lessened its position in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 70.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,002 shares of the utilities provider’s stock after selling 30,629 shares during the period. Cubist Systematic Strategies LLC’s holdings in Atlantica Sustainable Infrastructure were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC boosted 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 buying an additional 5,164,084 shares in the last quarter. Alpine Associates Management Inc. bought a new position in Atlantica Sustainable Infrastructure during the second quarter worth $23,699,000. Picton Mahoney Asset Management acquired a new stake in Atlantica Sustainable Infrastructure in the second quarter worth $13,719,000. Glazer Capital LLC bought a new stake in Atlantica Sustainable Infrastructure in the second quarter valued at $13,629,000. Finally, Water Island Capital LLC acquired a new position in shares of Atlantica Sustainable Infrastructure during the second quarter valued at about $13,438,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure in a research note on Sunday. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Atlantica Sustainable Infrastructure has an average rating of “Hold” and a consensus price target of $22.43.

Atlantica Sustainable Infrastructure Trading Up 0.1 %

Shares of AY opened at $21.99 on Tuesday. The firm has a market cap of $2.55 billion, a P/E ratio of 47.80, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $16.35 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. The business has a 50-day moving average of $22.01 and a 200 day moving average of $21.54.

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%. As a group, research analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.28 EPS for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.445 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.78 annualized dividend and a dividend yield of 8.09%. Atlantica Sustainable Infrastructure’s payout ratio is currently 386.96%.

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.