Atlantica Sustainable Infrastructure (AY) to Release Earnings on Friday

Posted by Defense World Staff on Apr 28th, 2023

Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Rating) is set to announce its earnings results before the market opens on Friday, May 5th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Atlantica Sustainable Infrastructure Stock Up 2.1 %

AY stock opened at $26.57 on Friday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of -664.25, a price-to-earnings-growth ratio of 3.76 and a beta of 0.84. The company has a 50-day moving average of $27.68 and a two-hundred day moving average of $27.16. Atlantica Sustainable Infrastructure has a 52-week low of $24.42 and a 52-week high of $36.35. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.99 and a quick ratio of 1.92.

Atlantica Sustainable Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 25th. Stockholders of record on Tuesday, March 14th were paid a $0.445 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $1.78 annualized dividend and a dividend yield of 6.70%. Atlantica Sustainable Infrastructure’s payout ratio is -4,450.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AY. Morgan Stanley cut their target price on Atlantica Sustainable Infrastructure from $36.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, January 30th. Bank of America upgraded shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, March 8th. JPMorgan Chase & Co. dropped their target price on Atlantica Sustainable Infrastructure from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. National Bank Financial assumed coverage on Atlantica Sustainable Infrastructure in a research note on Monday, April 10th. They issued a “sector perform” rating and a $31.00 price target on the stock. Finally, StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a report on Thursday, March 16th. They set a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.00.

Institutional Trading of Atlantica Sustainable Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its holdings in Atlantica Sustainable Infrastructure by 63.6% during 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. Virtu Financial LLC raised its stake in shares of Atlantica Sustainable Infrastructure by 4.0% during the 4th quarter. Virtu Financial LLC now owns 10,241 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 395 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Atlantica Sustainable Infrastructure by 122.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the utilities provider’s stock valued at $35,000 after buying an additional 550 shares during the last quarter. Northern Trust Corp grew its stake in shares of Atlantica Sustainable Infrastructure by 0.3% in the second quarter. Northern Trust Corp now owns 181,592 shares of the utilities provider’s stock valued at $5,858,000 after buying an additional 576 shares in the last quarter. Finally, Vident Investment Advisory LLC grew its stake in shares of Atlantica Sustainable Infrastructure by 4.1% in the first quarter. Vident Investment Advisory LLC now owns 18,007 shares of the utilities provider’s stock valued at $632,000 after buying an additional 711 shares in the last quarter. 39.37% of the stock is currently owned by institutional investors and hedge funds.

About Atlantica Sustainable Infrastructure

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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.