Horan Securities Inc. purchased a new stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 855 shares of the utilities provider’s stock, valued at approximately $31,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AY. Fox Run Management L.L.C. purchased a new stake in shares of Atlantica Sustainable Infrastructure in the 4th quarter valued at about $274,000. FWL Investment Management LLC lifted its position in Atlantica Sustainable Infrastructure by 5.5% during the fourth quarter. FWL Investment Management LLC now owns 259,494 shares of the utilities provider’s stock valued at $9,280,000 after purchasing an additional 13,461 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Atlantica Sustainable Infrastructure by 1.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 82,564 shares of the utilities provider’s stock worth $2,952,000 after buying an additional 1,546 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Atlantica Sustainable Infrastructure by 11.2% in the 4th quarter. First Trust Advisors LP now owns 952,992 shares of the utilities provider’s stock worth $34,079,000 after buying an additional 96,034 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Atlantica Sustainable Infrastructure by 166.7% during the 4th quarter. Northern Trust Corp now owns 187,344 shares of the utilities provider’s stock valued at $6,700,000 after buying an additional 117,091 shares in the last quarter. Hedge funds and other institutional investors own 40.05% of the company’s stock.
A number of equities analysts recently weighed in on AY shares. Zacks Investment Research upgraded Atlantica Sustainable Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Tuesday. StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James set a $43.00 target price on shares of Atlantica Sustainable Infrastructure and gave the stock an “outperform” rating in a research report on Tuesday, March 1st. JPMorgan Chase & Co. started coverage on shares of Atlantica Sustainable Infrastructure in a research report on Thursday, March 24th. They set a “neutral” rating and a $40.00 price target for the company. Finally, Morgan Stanley decreased their price objective on Atlantica Sustainable Infrastructure from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 12th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.11.
Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Rating) last posted its earnings results on Monday, February 28th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.21). Atlantica Sustainable Infrastructure had a negative net margin of 2.48% and a negative return on equity of 1.68%. The business had revenue of $271.33 million for the quarter, compared to analysts’ expectations of $274.34 million. During the same period last year, the firm posted ($0.47) earnings per share. As a group, sell-side analysts expect that Atlantica Sustainable Infrastructure plc will post 0.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Monday, March 14th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 5.39%. This is a boost from Atlantica Sustainable Infrastructure’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, March 11th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is currently -676.92%.
Atlantica Sustainable Infrastructure Profile (Get Rating)
Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in the United States, Canada, Mexico, Peru, Chile, Colombia, Uruguay, Spain, Italy, Algeria, and South Africa. It owns 39 assets comprising 2,044 megawatts (MW) of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 55 thermal megawatts of district heating capacity; 1,229 miles of electric transmission lines; and 17.5 million cubic feet per day of water desalination assets.
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