Sen. Thomas R. Carper Sells Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares

Senator Thomas R. Carper (D-Delaware) recently sold shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY). In a filing disclosed on January 02nd, the Senator disclosed that they had sold between $1,001 and $15,000 in Atlantica Sustainable Infrastructure stock on December 13th.

Atlantica Sustainable Infrastructure Price Performance

Shares of Atlantica Sustainable Infrastructure stock remained flat at $21.99 on Friday. The stock had a trading volume of 2,181,000 shares, compared to its average volume of 1,209,512. 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 firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The firm’s 50-day simple moving average is $22.04 and its 200-day simple moving average is $22.02.

Atlantica Sustainable Infrastructure Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were issued a $0.2225 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.89 annualized dividend and a dividend yield of 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 306.91%.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Insight Folios Inc raised its holdings in shares of Atlantica Sustainable Infrastructure by 2.4% during the 3rd quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 576 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Atlantica Sustainable Infrastructure by 3.8% in 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Atlantica Sustainable Infrastructure in the 2nd quarter valued at approximately $30,000. Private Trust Co. NA increased its holdings in shares of Atlantica Sustainable Infrastructure by 362.1% during the 3rd 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 during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Atlantica Sustainable Infrastructure in a research note on Wednesday. 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 company’s stock. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has a consensus rating of “Hold” and an average price target of $22.20.

About Senator Carper

Tom Carper (Democratic Party) is a member of the U.S. Senate from Delaware. He assumed office on January 3, 2001. His current term ends on January 3, 2025. Carper (Democratic Party) ran for re-election to the U.S. Senate to represent Delaware. He won in the general election on November 6, 2018. In the 2000 election Carper defeated incumbent William V. Roth Jr. (R), who had first been elected in 1970. Carper was re-elected in 2006, 2012, and 2018. Before being elected to the Senate, Carper served as the governor of Delaware from 1992 to 2000, a member of the U.S. House from 1982 to 1992, and the treasurer of Delaware from 1976 to 1982. As of a 2014 analysis of multiple outside rankings, Carper is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. Carper served as chairman of the Senate Committee on Homeland Security and Governmental Affairs from 2013 to 2014 and was the committee’s ranking member from 2015 to 2016. In 2017, he became the ranking member on the Senate Committee on Environment and Public Works. Carper was born in Beckley, West Virginia. He grew up in Danville, Virginia, and graduated from Whetstone High School in Columbus, Ohio. Carper attended The Ohio State University on a Navy R.O.T.C. scholarship, graduating in 1968 with a B.A. in economics.

About Atlantica Sustainable Infrastructure

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.