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

StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research note published on Thursday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Stock Up 0.0 %

AY stock opened at $22.11 on Thursday. The company has a 50 day moving average price of $21.99 and a two-hundred day moving average price of $22.05. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. The stock has a market capitalization of $2.57 billion, a P/E ratio of 67.00, a PEG ratio of 2.15 and a beta of 1.03. Atlantica Sustainable Infrastructure has a one year low of $16.82 and a one year high of $23.47.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $30,000. Public Employees Retirement System of Ohio bought a new stake in shares of Atlantica Sustainable Infrastructure during the third quarter valued at approximately $44,000. Private Trust Co. NA grew its holdings 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 worth $56,000 after buying an additional 1,995 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 499.4% during the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 3,411 shares during the period. Finally, BNP Paribas Financial Markets increased its stake 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 valued at $164,000 after buying an additional 6,064 shares during the period. 40.53% of the stock is owned by institutional investors and hedge funds.

About Atlantica Sustainable Infrastructure

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.