Sargent Investment Group LLC Has $922,000 Stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Sargent Investment Group LLC increased its stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,905 shares of the utilities provider’s stock after purchasing an additional 1,205 shares during the period. Sargent Investment Group LLC’s holdings in Atlantica Sustainable Infrastructure were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Rational Advisors LLC raised its holdings in shares of Atlantica Sustainable Infrastructure by 740.8% in the third quarter. Rational Advisors LLC now owns 2,186 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 1,926 shares during the last quarter. IFP Advisors Inc increased its stake in Atlantica Sustainable Infrastructure by 37.1% in the 3rd quarter. IFP Advisors Inc now owns 2,578 shares of the utilities provider’s stock valued at $49,000 after buying an additional 698 shares during the last quarter. Clear Street Markets LLC bought a new stake in Atlantica Sustainable Infrastructure during the 3rd quarter worth about $50,000. Clean Yield Group boosted its stake in shares of Atlantica Sustainable Infrastructure by 71.4% during the 4th quarter. Clean Yield Group now owns 6,000 shares of the utilities provider’s stock worth $129,000 after buying an additional 2,500 shares during the last quarter. Finally, Covestor Ltd acquired a new position in shares of Atlantica Sustainable Infrastructure during the 3rd quarter worth about $156,000. Institutional investors own 40.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AY shares. National Bank Financial downgraded Atlantica Sustainable Infrastructure from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 3rd. Bank of America cut their price target on shares of Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. UBS Group upgraded shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $25.00 in a research note on Friday, March 22nd. BMO Capital Markets dropped their target price on shares of Atlantica Sustainable Infrastructure from $24.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, March 5th. Finally, StockNews.com cut Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.67.

Atlantica Sustainable Infrastructure Price Performance

NASDAQ:AY traded up $0.03 during trading hours on Friday, reaching $20.00. 1,521,051 shares of the company were exchanged, compared to its average volume of 1,656,986. The business has a 50 day moving average of $18.27 and a 200 day moving average of $19.01. Atlantica Sustainable Infrastructure plc has a 1-year low of $16.35 and a 1-year high of $26.95. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.62 and a quick ratio of 1.57. The company has a market capitalization of $2.32 billion, a P/E ratio of 47.62, a P/E/G ratio of 1.10 and a beta of 0.97.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its quarterly earnings data on Friday, March 1st. The utilities provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.25. The business had revenue of $241.31 million during the quarter, compared to analysts’ expectations of $243.81 million. Atlantica Sustainable Infrastructure had a net margin of 4.43% and a return on equity of 2.91%. During the same quarter in the prior year, the business posted $0.03 earnings per share. Research analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.53 EPS for the current year.

Atlantica Sustainable Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 8.90%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is currently 423.82%.

Atlantica Sustainable Infrastructure 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.