RPg Family Wealth Advisory LLC lifted its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,095 shares of the utilities provider’s stock after purchasing an additional 3,306 shares during the quarter. Atlantica Sustainable Infrastructure accounts for approximately 1.4% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 25th biggest holding. RPg Family Wealth Advisory LLC owned 0.08% of Atlantica Sustainable Infrastructure worth $3,230,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of AY. Kayne Anderson Capital Advisors LP grew its stake in shares of Atlantica Sustainable Infrastructure by 1.5% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 2,991,085 shares of the utilities provider’s stock worth $106,961,000 after buying an additional 45,125 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Atlantica Sustainable Infrastructure by 11.2% during the fourth quarter. First Trust Advisors LP now owns 952,992 shares of the utilities provider’s stock valued at $34,079,000 after buying an additional 96,034 shares during the last quarter. Renaissance Technologies LLC boosted its position in Atlantica Sustainable Infrastructure by 48.3% in the fourth quarter. Renaissance Technologies LLC now owns 945,555 shares of the utilities provider’s stock worth $33,813,000 after purchasing an additional 308,100 shares during the last quarter. Victory Capital Management Inc. boosted its position in Atlantica Sustainable Infrastructure by 4.9% in the first quarter. Victory Capital Management Inc. now owns 517,715 shares of the utilities provider’s stock worth $18,156,000 after purchasing an additional 24,035 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of Atlantica Sustainable Infrastructure by 5.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 364,292 shares of the utilities provider’s stock valued at $13,028,000 after buying an additional 17,473 shares during the period. 40.05% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on AY. BMO Capital Markets lifted their target price on shares of Atlantica Sustainable Infrastructure from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday. Bank of America raised shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, May 12th. Morgan Stanley dropped their price target on shares of Atlantica Sustainable Infrastructure from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 12th. Raymond James set a $43.00 price target on shares of Atlantica Sustainable Infrastructure and gave the stock an “outperform” rating in a research note on Tuesday, May 10th. Finally, UBS Group upped their target price on shares of Atlantica Sustainable Infrastructure from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Atlantica Sustainable Infrastructure presently has a consensus rating of “Hold” and an average target price of $38.75.
Atlantica Sustainable Infrastructure Stock Performance
Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Atlantica Sustainable Infrastructure had a negative net margin of 1.66% and a negative return on equity of 1.08%. During the same quarter in the prior year, the company earned $0.11 EPS. On average, equities research analysts forecast that Atlantica Sustainable Infrastructure plc will post 0.51 EPS for the current fiscal year.
Atlantica Sustainable Infrastructure Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.445 per share. This is a positive change from Atlantica Sustainable Infrastructure’s previous quarterly dividend of $0.44. This represents a $1.78 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Tuesday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently -1,100.00%.
Atlantica Sustainable Infrastructure Profile
Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in the United States, Canada, Mexico, Peru, Chile, Colombia, Uruguay, Spain, Italy, Algeria, and South Africa. It owns 39 assets comprising 2,044 megawatts (MW) of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 55 thermal megawatts of district heating capacity; 1,229 miles of electric transmission lines; and 17.5 million cubic feet per day of water desalination assets.
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