Atlantica Sustainable Infrastructure Sees Unusually Large Options Volume (NASDAQ:AY)

Posted by on Jun 8th, 2023

Atlantica Sustainable Infrastructure plc (NASDAQ:AY – Get Rating) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 3,717 put options on the company. This is an increase of approximately 492% compared to the typical volume of 628 put options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Bank of America upgraded Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, March 8th. National Bank Financial lowered Atlantica Sustainable Infrastructure from an “outperform” rating to a “sector perform” rating and set a $31.00 price target for the company. in a research note on Friday, May 26th. National Bankshares raised Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Monday, May 8th. StockNews.com began coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. reduced their price target 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.75.

Atlantica Sustainable Infrastructure Stock Performance

Shares of AY stock opened at $24.82 on Thursday. The stock has a market cap of $2.79 billion, a PE ratio of -827.06, a price-to-earnings-growth ratio of 4.01 and a beta of 0.85. The business has a 50-day simple moving average of $26.48 and a 200-day simple moving average of $26.84. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 3.10. Atlantica Sustainable Infrastructure has a 52-week low of $23.73 and a 52-week high of $36.35.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a $0.445 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $1.78 dividend on an annualized basis and a yield of 7.17%. Atlantica Sustainable Infrastructure’s payout ratio is -5,931.36%.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

A number of large investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of Atlantica Sustainable Infrastructure by 63.6% in the second quarter. FMR LLC now owns 954 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 371 shares in the last quarter. Endurance Wealth Management Inc. purchased a new position in shares of Atlantica Sustainable Infrastructure during the first quarter worth $32,000. Point72 Asset Management L.P. purchased a new position in shares of Atlantica Sustainable Infrastructure during the fourth quarter worth $32,000. PNC Financial Services Group Inc. raised its stake in shares of Atlantica Sustainable Infrastructure by 122.2% in 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, CWM LLC raised its stake in shares of Atlantica Sustainable Infrastructure by 94.6% in the fourth quarter. CWM LLC now owns 1,397 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 679 shares in the last quarter. Institutional investors and hedge funds own 39.37% of the company’s stock.

Atlantica Sustainable Infrastructure Company 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.

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