Vontobel Holding Ltd. Sells 527 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Vontobel Holding Ltd. reduced its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,444 shares of the utilities provider’s stock after selling 527 shares during the quarter. Vontobel Holding Ltd.’s holdings in Atlantica Sustainable Infrastructure were worth $427,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions 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 stake in shares of Atlantica Sustainable Infrastructure in the 1st quarter worth approximately $42,000. Headlands Technologies LLC grew its holdings in shares of Atlantica Sustainable Infrastructure by 499.4% during the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 3,411 shares in the last quarter. Covestor Ltd raised its stake in shares of Atlantica Sustainable Infrastructure by 12.8% in the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Atlantica Sustainable Infrastructure in the first quarter valued at $196,000. 40.53% of the stock is currently owned by institutional investors.

Atlantica Sustainable Infrastructure Price Performance

Shares of AY stock opened at $21.97 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26. Atlantica Sustainable Infrastructure plc has a 12-month low of $16.35 and a 12-month high of $23.47. The firm has a fifty day moving average of $22.00 and a 200-day moving average of $21.69. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 47.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The company had revenue of $328.26 million during the quarter, compared to analyst estimates 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 research analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.28 earnings per share for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Atlantica Sustainable Infrastructure in a report on Monday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.67.

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.