Atlantica Sustainable Infrastructure (NASDAQ:AY) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a note issued to investors on Tuesday. The firm set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Stock Performance

Shares of NASDAQ AY opened at $21.99 on Tuesday. 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 company has a market capitalization of $2.55 billion, a P/E ratio of 75.83, a P/E/G ratio of 2.14 and a beta of 1.00. Atlantica Sustainable Infrastructure has a 12 month low of $16.82 and a 12 month high of $23.47. The stock has a 50 day moving average of $22.03 and a 200-day moving average of $22.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AY. Point72 Asia Singapore Pte. Ltd. acquired a new position in Atlantica Sustainable Infrastructure during the second quarter valued at approximately $30,000. Public Employees Retirement System of Ohio acquired a new position in shares of Atlantica Sustainable Infrastructure during the 3rd quarter worth $44,000. Private Trust Co. NA lifted its position in shares of Atlantica Sustainable Infrastructure by 362.1% during the 3rd quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after buying an additional 1,995 shares during the last quarter. Headlands Technologies LLC boosted its stake in Atlantica Sustainable Infrastructure by 499.4% in the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after buying an additional 3,411 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Atlantica Sustainable Infrastructure by 433.5% in the third quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 6,064 shares during the last quarter. Institutional investors own 40.53% of the company’s stock.

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.