Robeco Institutional Asset Management B.V. Makes New Investment in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Robeco Institutional Asset Management B.V. purchased a new position in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 125,842 shares of the utilities provider’s stock, valued at approximately $27,000. Robeco Institutional Asset Management B.V. owned 0.11% of Atlantica Sustainable Infrastructure at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its holdings in shares of Atlantica Sustainable Infrastructure by 9.5% in the 4th quarter. Handelsbanken Fonder AB now owns 17,676 shares of the utilities provider’s stock valued at $380,000 after acquiring an additional 1,537 shares during the last quarter. Tritonpoint Wealth LLC purchased a new position in shares of Atlantica Sustainable Infrastructure in the 4th quarter valued at about $4,007,000. Beck Bode LLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 13.9% in the 4th quarter. Beck Bode LLC now owns 465,944 shares of the utilities provider’s stock valued at $10,018,000 after acquiring an additional 56,958 shares during the last quarter. Barclays PLC increased its holdings in shares of Atlantica Sustainable Infrastructure by 36.6% in the 3rd 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. Finally, Graham Capital Management L.P. acquired a new stake in shares of Atlantica Sustainable Infrastructure in the 3rd quarter valued at about $399,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AY. National Bank Financial cut Atlantica Sustainable Infrastructure from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 3rd. Bank of America decreased their target price on Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. 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 research report on Friday, March 22nd. StockNews.com cut Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. Finally, Royal Bank of Canada decreased their target price on Atlantica Sustainable Infrastructure from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Atlantica Sustainable Infrastructure presently has an average rating of “Hold” and an average price target of $23.13.

Atlantica Sustainable Infrastructure Stock Up 2.7 %

Atlantica Sustainable Infrastructure stock opened at $23.42 on Monday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 50.91, a PEG ratio of 1.40 and a beta of 0.94. The stock has a 50 day moving average of $19.87 and a two-hundred day moving average of $19.59. Atlantica Sustainable Infrastructure plc has a twelve month low of $16.35 and a twelve month high of $25.22. The company has a current ratio of 1.55, a quick ratio of 1.50 and a debt-to-equity ratio of 3.25.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last issued its earnings results on Tuesday, May 14th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The business had revenue of $242.93 million during the quarter, compared to the consensus estimate of $240.87 million. Atlantica Sustainable Infrastructure had a return on equity of 3.33% and a net margin of 4.94%. During the same period in the prior year, the business posted ($0.09) EPS. As a group, research analysts expect that Atlantica Sustainable Infrastructure plc will post 0.46 earnings per share for the current year.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date is Friday, May 31st. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 386.96%.

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.