Atlantica Sustainable Infrastructure Target of Unusually Large Options Trading (NASDAQ:AY)

Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors bought 3,127 call options on the company. This is an increase of 448% compared to the typical volume of 571 call options.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the business. Tritonpoint Wealth LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure in the fourth quarter worth $4,007,000. Barclays PLC increased its stake in Atlantica Sustainable Infrastructure by 36.6% in the third quarter. Barclays PLC now owns 10,828 shares of the utilities provider's stock valued at $207,000 after acquiring an additional 2,904 shares during the last quarter. Graham Capital Management L.P. bought a new position in Atlantica Sustainable Infrastructure in the third quarter valued at $399,000. Invesco Ltd. increased its stake in Atlantica Sustainable Infrastructure by 1.2% in the third quarter. Invesco Ltd. now owns 2,927,486 shares of the utilities provider's stock valued at $55,915,000 after acquiring an additional 33,635 shares during the last quarter. Finally, Rock Point Advisors LLC bought a new position in Atlantica Sustainable Infrastructure in the third quarter valued at $1,492,000. Hedge funds and other institutional investors own 40.53% of the company's stock.

Atlantica Sustainable Infrastructure Stock Performance

Atlantica Sustainable Infrastructure stock traded up $1.40 during trading on Tuesday, hitting $19.91. The stock had a trading volume of 4,453,336 shares, compared to its average volume of 954,476. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97. The stock's 50 day moving average is $18.21 and its two-hundred day moving average is $18.97. Atlantica Sustainable Infrastructure has a 1 year low of $16.35 and a 1 year high of $28.25. The company has a quick ratio of 1.57, a current ratio of 1.62 and a debt-to-equity ratio of 3.14.

Atlantica Sustainable Infrastructure (NASDAQ:AY - Get Free Report) last posted its earnings results on Friday, March 1st. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.25. The firm had revenue of $241.31 million for the quarter, compared to the consensus estimate of $243.81 million. Atlantica Sustainable Infrastructure had a return on equity of 2.91% and a net margin of 4.43%. During the same quarter in the prior year, the business posted $0.03 earnings per share. As a group, analysts predict that Atlantica Sustainable Infrastructure will post 0.5 EPS for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 12th were given a $0.445 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 8.94%. Atlantica Sustainable Infrastructure's dividend payout ratio (DPR) is presently 423.82%.

Wall Street Analyst Weigh In

AY has been the subject of a number of recent research reports. Bank of America decreased their price objective on Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, March 26th. BMO Capital Markets reduced their target price on Atlantica Sustainable Infrastructure from $24.00 to $20.00 and set a "market perform" rating for the company in a report on Tuesday, March 5th. Royal Bank of Canada reduced their target price on Atlantica Sustainable Infrastructure from $26.00 to $24.00 and set an "outperform" rating for the company in a report on Monday, March 4th. UBS Group raised Atlantica Sustainable Infrastructure from a "neutral" rating to a "buy" rating and upped their target price for the company from $19.00 to $25.00 in a report on Friday, March 22nd. Finally, National Bank Financial lowered Atlantica Sustainable Infrastructure from an "outperform" rating to a "sector perform" rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $23.67.

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.