Barclays PLC decreased its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Free Report) by 80.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,890 shares of the utilities provider’s stock after selling 56,444 shares during the quarter. Barclays PLC’s holdings in Atlantica Sustainable Infrastructure were worth $306,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Water Island Capital LLC bought a new position in Atlantica Sustainable Infrastructure in the 2nd quarter valued at $13,438,000. Alpine Associates Management Inc. increased its position in Atlantica Sustainable Infrastructure by 54.0% in the third quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock worth $36,542,000 after purchasing an additional 582,821 shares during the period. Trium Capital LLP acquired a new stake in Atlantica Sustainable Infrastructure in the second quarter worth about $2,010,000. Melqart Asset Management UK Ltd lifted its position in Atlantica Sustainable Infrastructure by 4.2% during the 3rd quarter. Melqart Asset Management UK Ltd now owns 1,337,755 shares of the utilities provider’s stock valued at $29,404,000 after purchasing an additional 53,680 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Atlantica Sustainable Infrastructure in the 3rd quarter valued at about $1,356,000. Institutional investors and hedge funds own 40.53% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Atlantica Sustainable Infrastructure in a research note on Wednesday. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.20.
Atlantica Sustainable Infrastructure Price Performance
Shares of NASDAQ AY opened at $21.99 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 3.36. The business’s 50 day moving average is $22.04 and its 200-day moving average is $22.02. Atlantica Sustainable Infrastructure plc has a 1-year low of $16.82 and a 1-year high of $23.47. The firm has a market cap of $2.55 billion, a P/E ratio of 75.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00.
Atlantica Sustainable Infrastructure Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 29th were paid a dividend of $0.2225 per share. The ex-dividend date was Friday, November 29th. This represents a $0.89 dividend on an annualized basis and a yield of 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 306.91%.
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.
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