Analysts Set Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Target Price at $22.20

Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $22.20.

Separately, StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure in a research report on Thursday. They issued a “sell” rating for the company.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

A number of institutional investors have recently added to or reduced their stakes in AY. Insight Folios Inc increased its stake in shares of Atlantica Sustainable Infrastructure by 2.4% during the third quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 576 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in 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 valued at $382,000 after buying an additional 637 shares in the last quarter. Private Advisor Group LLC raised its stake in Atlantica Sustainable Infrastructure by 4.3% during the first quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock valued at $387,000 after buying an additional 864 shares during the last quarter. Covestor Ltd raised 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 valued at $173,000 after buying an additional 1,064 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Atlantica Sustainable Infrastructure by 4.1% in the first quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock worth $532,000 after acquiring an additional 1,132 shares in the last quarter. Institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of Atlantica Sustainable Infrastructure stock opened at $22.11 on Friday. The business has a 50 day moving average of $21.98 and a 200 day moving average of $22.04. Atlantica Sustainable Infrastructure has a 52 week low of $16.82 and a 52 week high of $23.47. The company has a market cap of $2.57 billion, a PE ratio of 67.00, a P/E/G ratio of 2.15 and a beta of 1.03. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26.

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.