HighTower Advisors LLC Has $278,000 Stock Holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

HighTower Advisors LLC lowered its stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 27.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,710 shares of the utilities provider’s stock after selling 4,800 shares during the quarter. HighTower Advisors LLC’s holdings in Atlantica Sustainable Infrastructure were worth $278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Atlantica Sustainable Infrastructure in the second quarter valued at about $30,000. Private Trust Co. NA raised its position in Atlantica Sustainable Infrastructure by 362.1% in the 3rd quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock valued at $56,000 after buying an additional 1,995 shares during the last quarter. Headlands Technologies LLC lifted its stake in Atlantica Sustainable Infrastructure by 499.4% in the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 3,411 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Atlantica Sustainable Infrastructure by 433.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 6,064 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Atlantica Sustainable Infrastructure by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after acquiring an additional 637 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Atlantica Sustainable Infrastructure in a report on Tuesday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.20.

Atlantica Sustainable Infrastructure Stock Performance

Shares of Atlantica Sustainable Infrastructure stock opened at $21.99 on Tuesday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 75.83, a P/E/G ratio of 2.14 and a beta of 1.00. Atlantica Sustainable Infrastructure plc has a twelve month low of $16.82 and a twelve month high of $23.47. The company’s fifty day moving average is $22.03 and its 200 day moving average is $22.02. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36.

Atlantica Sustainable Infrastructure Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were given a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Friday, November 29th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 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.