Point72 Asia Singapore Pte. Ltd. Has $1.38 Million Stock Position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 4,492.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,956 shares of the utilities provider’s stock after buying an additional 61,585 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Atlantica Sustainable Infrastructure were worth $1,384,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. 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 in the last quarter. Headlands Technologies LLC boosted its stake in Atlantica Sustainable Infrastructure by 499.4% during the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock worth $90,000 after buying an additional 3,411 shares in the last quarter. BNP Paribas Financial Markets boosted 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 valued at $164,000 after purchasing an additional 6,064 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure in the 1st quarter valued at $196,000. Finally, Cetera Advisors LLC boosted its stake in shares of Atlantica Sustainable Infrastructure by 58.3% in the 1st quarter. Cetera Advisors LLC now owns 16,775 shares of the utilities provider’s stock valued at $310,000 after purchasing an additional 6,177 shares in the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a research note on Saturday. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.20.

Atlantica Sustainable Infrastructure Stock Performance

Atlantica Sustainable Infrastructure stock opened at $21.94 on Monday. The stock has a 50-day simple moving average of $22.03 and a 200 day simple moving average of $22.09. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. Atlantica Sustainable Infrastructure plc has a 12-month low of $16.82 and a 12-month high of $23.47. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.66, a P/E/G ratio of 2.13 and a beta of 1.03.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently declared 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 of this dividend is Friday, November 29th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.06%. Atlantica Sustainable Infrastructure’s dividend payout ratio is 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.