Envestnet Asset Management Inc. Grows Stock Holdings in HA Sustainable Infrastructure Capital, Inc. $HASI

Envestnet Asset Management Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 6.9% during the third quarter, Holdings Channel reports. The firm owned 219,630 shares of the real estate investment trust’s stock after purchasing an additional 14,170 shares during the quarter. Envestnet Asset Management Inc.’s holdings in HA Sustainable Infrastructure Capital were worth $6,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new stake in HA Sustainable Infrastructure Capital during the 3rd quarter valued at $27,000. Hantz Financial Services Inc. increased its position in HA Sustainable Infrastructure Capital by 630.9% during the third quarter. Hantz Financial Services Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,142 shares during the last quarter. CWM LLC lifted its holdings in HA Sustainable Infrastructure Capital by 12.4% in the second quarter. CWM LLC now owns 4,552 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 501 shares during the period. GAMMA Investing LLC boosted its position in HA Sustainable Infrastructure Capital by 12.5% in the third quarter. GAMMA Investing LLC now owns 5,928 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 657 shares during the last quarter. Finally, Peddock Capital Advisors LLC bought a new stake in shares of HA Sustainable Infrastructure Capital during the 3rd quarter valued at about $201,000. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HASI shares. The Goldman Sachs Group increased their price objective on shares of HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday. Oppenheimer reiterated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Tuesday, December 16th. TD Cowen boosted their price objective on shares of HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday, December 17th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $37.26 on Friday. The firm’s 50 day simple moving average is $34.38 and its two-hundred day simple moving average is $31.40. The company has a debt-to-equity ratio of 1.94, a current ratio of 9.20 and a quick ratio of 11.03. The company has a market capitalization of $4.78 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.28 and a beta of 1.45. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $40.01.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. The company had revenue of $114.81 million for the quarter, compared to analysts’ expectations of $28.74 million. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Research analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, April 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 123.53%.

Insider Activity

In related news, Director Jeffrey Eckel sold 134,398 shares of HA Sustainable Infrastructure Capital stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total transaction of $5,272,433.54. Following the sale, the director owned 9,050 shares of the company’s stock, valued at approximately $355,031.50. This trade represents a 93.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

HA Sustainable Infrastructure Capital Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc (NYSE: HASI) is a publicly traded real estate investment trust specializing in financing and investing in climate change solutions. Founded in 1988 and headquartered in Annapolis, Maryland, the company provides debt and equity capital to sustainable infrastructure projects across North America. Its mission is to support energy efficiency, renewable energy generation and resilient infrastructure, helping public and private sector clients reduce carbon emissions and achieve long-term environmental goals.

Hannon Armstrong’s core business activities include originating and structuring loans, acquiring debt and equity interests, and managing a diversified portfolio of projects in sectors such as solar energy, wind power, energy storage, green buildings, and sustainable agriculture.