Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its position in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 81.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 278,828 shares of the utilities provider’s stock after selling 1,247,053 shares during the period. Millennium Management LLC owned about 0.24% of Atlantica Sustainable Infrastructure worth $6,120,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Atlantica Sustainable Infrastructure during the 2nd quarter worth $30,000. Aristeia Capital L.L.C. purchased a new position in shares of Atlantica Sustainable Infrastructure during the second quarter worth about $669,000. Glazer Capital LLC acquired a new position in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $13,629,000. Sagefield Capital LP acquired a new position in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $1,637,000. Finally, Gabelli Funds LLC purchased a new stake in Atlantica Sustainable Infrastructure during the 2nd quarter valued at approximately $3,401,000. 40.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a research note on Saturday, October 5th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.75.

Atlantica Sustainable Infrastructure Stock Performance

Atlantica Sustainable Infrastructure stock opened at $21.96 on Friday. Atlantica Sustainable Infrastructure plc has a 12 month low of $16.35 and a 12 month high of $23.47. The stock’s 50-day moving average is $22.02 and its 200-day moving average is $21.44. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 47.74, a price-to-earnings-growth 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.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The business had revenue of $328.26 million for the quarter, compared to analysts’ expectations of $315.07 million. Atlantica Sustainable Infrastructure had a return on equity of 2.54% and a net margin of 3.59%. Equities analysts anticipate that Atlantica Sustainable Infrastructure plc will post 0.28 earnings per share for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 8.11%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 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.