Advisors Asset Management Inc. Sells 5,070 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Advisors Asset Management Inc. reduced its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 35.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,399 shares of the utilities provider’s stock after selling 5,070 shares during the quarter. Advisors Asset Management Inc.’s holdings in Atlantica Sustainable Infrastructure were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Insight Folios Inc lifted its holdings in shares of Atlantica Sustainable Infrastructure by 2.4% in the 3rd quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 576 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Atlantica Sustainable Infrastructure by 3.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 637 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Atlantica Sustainable Infrastructure in the second quarter worth about $30,000. Tidal Investments LLC boosted its position in shares of Atlantica Sustainable Infrastructure by 4.4% during the first quarter. Tidal Investments LLC now owns 35,474 shares of the utilities provider’s stock valued at $656,000 after buying an additional 1,503 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of Atlantica Sustainable Infrastructure by 499.4% during the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after buying an additional 3,411 shares during the last quarter. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Atlantica Sustainable Infrastructure in a research note on Friday, November 22nd. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.20.

Atlantica Sustainable Infrastructure Trading Up 0.1 %

AY opened at $22.16 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. The stock’s fifty day moving average is $22.03 and its two-hundred day moving average is $22.09. The company has a market capitalization of $2.57 billion, a P/E ratio of 76.42, a PEG ratio of 2.15 and a beta of 1.03. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.82 and a 52 week high of $23.47.

Atlantica Sustainable Infrastructure Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be issued a $0.2225 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.89 annualized dividend and a dividend yield of 4.02%. Atlantica Sustainable Infrastructure’s payout ratio is currently 613.81%.

Atlantica Sustainable Infrastructure Company 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.