Atlantica Sustainable Infrastructure (NASDAQ:AY) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research note issued on Thursday. The firm set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Stock Performance

Atlantica Sustainable Infrastructure stock opened at $22.11 on Thursday. The stock’s 50 day moving average is $21.98 and its 200 day moving average is $22.04. 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 $2.57 billion, a P/E ratio of 67.00, a PEG ratio of 2.15 and a beta of 1.03. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Large investors have recently made changes to their positions in the business. Insight Folios Inc grew its position in Atlantica Sustainable Infrastructure by 2.4% in the third quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 576 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Atlantica Sustainable Infrastructure by 3.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after buying an additional 637 shares during the last quarter. Covestor Ltd boosted its stake 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Atlantica Sustainable Infrastructure during the second quarter valued at $30,000. Finally, Tidal Investments LLC raised its stake in shares of Atlantica Sustainable Infrastructure by 4.4% in the first quarter. Tidal Investments LLC now owns 35,474 shares of the utilities provider’s stock valued at $656,000 after acquiring an additional 1,503 shares during the period. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

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.