AlphaCrest Capital Management LLC Acquires Shares of 12,900 Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

AlphaCrest Capital Management LLC bought a new position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,900 shares of the utilities provider’s stock, valued at approximately $480,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP boosted its holdings in Atlantica Sustainable Infrastructure by 5.5% during the 1st quarter. Trexquant Investment LP now owns 6,064 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 314 shares during the period. UBS Group AG grew its holdings in shares of Atlantica Sustainable Infrastructure by 0.5% in the first quarter. UBS Group AG now owns 72,466 shares of the utilities provider’s stock worth $2,655,000 after purchasing an additional 351 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Atlantica Sustainable Infrastructure by 38.5% during the 1st quarter. Captrust Financial Advisors now owns 1,400 shares of the utilities provider’s stock valued at $51,000 after buying an additional 389 shares in the last quarter. Geode Capital Management LLC boosted its position in Atlantica Sustainable Infrastructure by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 82,554 shares of the utilities provider’s stock valued at $3,023,000 after buying an additional 433 shares during the period. Finally, Advisor Group Holdings Inc. grew its stake in Atlantica Sustainable Infrastructure by 4.5% in the 2nd quarter. Advisor Group Holdings Inc. now owns 9,968 shares of the utilities provider’s stock worth $373,000 after acquiring an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 42.64% of the company’s stock.

Atlantica Sustainable Infrastructure stock opened at $36.82 on Thursday. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.33 and a current ratio of 1.39. The company’s fifty day moving average price is $37.08 and its 200 day moving average price is $37.29. The stock has a market capitalization of $3.93 billion, a P/E ratio of 106.91 and a beta of 0.68. Atlantica Sustainable Infrastructure plc has a 1 year low of $28.93 and a 1 year high of $48.49.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its quarterly earnings data on Monday, August 2nd. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.30). Atlantica Sustainable Infrastructure had a return on equity of 1.89% and a net margin of 2.87%. The firm had revenue of $375.99 million during the quarter. Sell-side analysts predict that Atlantica Sustainable Infrastructure plc will post 0.93 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, August 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.67%. Atlantica Sustainable Infrastructure’s payout ratio is 1,433.33%.

Several research firms recently weighed in on AY. KeyCorp started coverage on Atlantica Sustainable Infrastructure in a report on Tuesday, September 21st. They issued a “sector weight” rating for the company. Zacks Investment Research lowered Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a report on Tuesday. Raymond James restated an “outperform” rating and set a $47.00 price objective on shares of Atlantica Sustainable Infrastructure in a research note on Wednesday, August 4th. Morgan Stanley increased their price target on shares of Atlantica Sustainable Infrastructure from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, August 19th. Finally, Jonestrading began coverage on shares of Atlantica Sustainable Infrastructure in a research note on Monday. They issued a “buy” rating and a $46.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has an average rating of “Hold” and a consensus target price of $43.14.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants.

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Institutional Ownership by Quarter for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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