Centiva Capital LP Grows Stock Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Centiva Capital LP grew its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,755 shares of the utilities provider’s stock after acquiring an additional 15,000 shares during the quarter. Centiva Capital LP owned about 0.11% of Atlantica Sustainable Infrastructure worth $2,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Atlantica Sustainable Infrastructure in the second quarter valued at approximately $30,000. Private Trust Co. NA boosted its stake in Atlantica Sustainable Infrastructure by 362.1% during the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after buying an additional 1,995 shares during the last quarter. Headlands Technologies LLC grew its holdings in Atlantica Sustainable Infrastructure by 499.4% in the 2nd 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 in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Atlantica Sustainable Infrastructure by 433.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 6,064 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Atlantica Sustainable Infrastructure during the 1st quarter worth $196,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Stock Performance

Atlantica Sustainable Infrastructure stock opened at $21.95 on Tuesday. The firm has a 50 day simple moving average of $22.03 and a 200-day simple moving average of $22.08. Atlantica Sustainable Infrastructure plc has a 1-year low of $16.82 and a 1-year high of $23.47. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 75.69, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03.

Atlantica Sustainable Infrastructure Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 613.81%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure in a research report on Saturday. 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.20.

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.