ClearAlpha Technologies LP Acquires 13,587 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

ClearAlpha Technologies LP lifted its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 10.1% during the third quarter, Holdings Channel reports. The institutional investor owned 148,327 shares of the utilities provider’s stock after acquiring an additional 13,587 shares during the quarter. Atlantica Sustainable Infrastructure makes up approximately 0.9% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 20th biggest position. ClearAlpha Technologies LP’s holdings in Atlantica Sustainable Infrastructure were worth $3,260,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AY. Insight Folios Inc raised its position 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 purchasing an additional 576 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Atlantica Sustainable Infrastructure by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock valued at $382,000 after purchasing an additional 637 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Atlantica Sustainable Infrastructure in the second quarter worth about $30,000. Tidal Investments LLC grew its holdings 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 last quarter. Finally, Private Trust Co. NA increased its position in shares of 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 valued at $56,000 after acquiring an additional 1,995 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Atlantica Sustainable Infrastructure Trading Down 1.0 %

Shares of AY stock opened at $21.94 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.20 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 P/E ratio of 75.66, a P/E/G ratio of 2.13 and a beta of 1.03. The firm’s 50 day moving average is $22.03 and its 200 day moving average is $22.09.

Atlantica Sustainable Infrastructure Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be paid 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 (DPR) 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.