Eaton Vance Management Buys 710 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Posted by Defense World Staff on Mar 7th, 2023

Eaton Vance Management boosted its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,950 shares of the utilities provider’s stock after purchasing an additional 710 shares during the quarter. Eaton Vance Management’s holdings in Atlantica Sustainable Infrastructure were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Atlantica Sustainable Infrastructure by 63.6% in the second quarter. FMR LLC now owns 954 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 371 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter worth about $32,000. Orion Capital Management LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the third quarter worth about $26,000. PNC Financial Services Group Inc. raised its position in Atlantica Sustainable Infrastructure by 122.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 550 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in Atlantica Sustainable Infrastructure during the second quarter valued at approximately $42,000. Institutional investors own 39.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AY. BMO Capital Markets lifted their price target on Atlantica Sustainable Infrastructure from $28.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, November 10th. Morgan Stanley cut their price objective on Atlantica Sustainable Infrastructure from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, January 30th. JPMorgan Chase & Co. cut their price objective on Atlantica Sustainable Infrastructure from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. StockNews.com upgraded Atlantica Sustainable Infrastructure from a “sell” rating to a “hold” rating in a research report on Tuesday, December 6th. Finally, Royal Bank of Canada raised Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Tuesday, January 17th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.86.

Atlantica Sustainable Infrastructure Trading Down 0.7 %

AY opened at $28.45 on Tuesday. Atlantica Sustainable Infrastructure plc has a one year low of $24.42 and a one year high of $36.85. The company has a market cap of $3.20 billion, a P/E ratio of -711.25 and a beta of 0.83. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.92 and a current ratio of 1.99. The business’s 50-day simple moving average is $26.77 and its 200-day simple moving average is $28.04.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 25th. Investors of record on Tuesday, March 14th will be given a $0.445 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 6.26%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently -4,450.00%.

Atlantica Sustainable Infrastructure Profile

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Atlantica Sustainable Infrastructure Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants.