Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) have been given an average recommendation of "Buy" by the eight analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $42.83.
AY has been the topic of several recent research reports. Raymond James set a $47.00 target price on Atlantica Sustainable Infrastructure and gave the stock an "outperform" rating in a report on Friday, November 12th. Jonestrading started coverage on Atlantica Sustainable Infrastructure in a report on Monday, October 11th. They set a "buy" rating and a $46.00 price target on the stock. Zacks Investment Research raised shares of Atlantica Sustainable Infrastructure from a "strong sell" rating to a "hold" rating in a research report on Monday, November 15th. Morgan Stanley raised their price objective on shares of Atlantica Sustainable Infrastructure from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday, August 19th. Finally, KeyCorp started coverage on shares of Atlantica Sustainable Infrastructure in a research report on Tuesday, September 21st. They set a "sector weight" rating for the company.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AY. Truvestments Capital LLC bought a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $37,000. MFA Wealth Advisors LLC bought a new stake in Atlantica Sustainable Infrastructure in the 3rd quarter valued at about $39,000. BNP Paribas Arbitrage SA raised its stake in Atlantica Sustainable Infrastructure by 34,100.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,368 shares of the utilities provider's stock valued at $47,000 after acquiring an additional 1,364 shares during the period. Captrust Financial Advisors raised its stake in Atlantica Sustainable Infrastructure by 38.5% in the 1st quarter. Captrust Financial Advisors now owns 1,400 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 389 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $54,000. Institutional investors own 88.54% of the company's stock.
Shares of AY stock opened at $39.46 on Thursday. The firm has a market capitalization of $4.21 billion, a P/E ratio of -62.63 and a beta of 0.71. Atlantica Sustainable Infrastructure has a twelve month low of $31.61 and a twelve month high of $48.49. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 3.17. The stock's fifty day simple moving average is $37.40 and its 200 day simple moving average is $37.51.
Atlantica Sustainable Infrastructure (NASDAQ:AY) last announced its earnings results on Wednesday, November 10th. The utilities provider reported ($0.10) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.60 by ($0.70). Atlantica Sustainable Infrastructure had a negative return on equity of 3.76% and a negative net margin of 5.69%. During the same period last year, the company earned $0.86 EPS. As a group, equities research analysts expect that Atlantica Sustainable Infrastructure will post 0.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th will be paid a dividend of $0.435 per share. The ex-dividend date is Monday, November 29th. This is a boost from Atlantica Sustainable Infrastructure's previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a yield of 4.41%. Atlantica Sustainable Infrastructure's dividend payout ratio (DPR) is -273.02%.
About Atlantica Sustainable Infrastructure
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.
Read More: What is the S&P 500 Index?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Atlantica Sustainable Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlantica Sustainable Infrastructure wasn't on the list.
While Atlantica Sustainable Infrastructure currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here