Insight Folios Inc Increases Stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Insight Folios Inc raised its holdings in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,655 shares of the utilities provider’s stock after acquiring an additional 576 shares during the quarter. Insight Folios Inc’s holdings in Atlantica Sustainable Infrastructure were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its holdings in Atlantica Sustainable Infrastructure by 3.8% in 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. Private Advisor Group LLC increased its stake in shares of Atlantica Sustainable Infrastructure by 4.3% in the first quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 864 shares in the last quarter. Covestor Ltd raised its position in shares of Atlantica Sustainable Infrastructure by 12.8% during the 1st 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 during the period. Commonwealth Equity Services LLC raised its position in shares of Atlantica Sustainable Infrastructure by 4.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock valued at $532,000 after purchasing an additional 1,132 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $30,000. Institutional investors own 40.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Atlantica Sustainable Infrastructure in a research note on Monday, October 21st. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Atlantica Sustainable Infrastructure presently has an average rating of “Hold” and a consensus price target of $22.20.

Atlantica Sustainable Infrastructure Trading Up 0.0 %

Shares of NASDAQ AY opened at $21.96 on Monday. The stock has a market capitalization of $2.55 billion, a P/E ratio of 47.74, a PEG ratio of 2.14 and a beta of 1.03. Atlantica Sustainable Infrastructure plc has a 1-year low of $16.82 and a 1-year high of $23.47. The business’s 50 day moving average is $21.99 and its two-hundred day moving average is $21.74. 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 released its 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 for the quarter, compared to the consensus estimate of $315.07 million. Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. As a group, research analysts expect that Atlantica Sustainable Infrastructure plc will post 0.28 EPS for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.445 per share. The ex-dividend date 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 is presently 386.96%.

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.