Wells Fargo & Company MN Raises Stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Wells Fargo & Company MN increased its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 451,502 shares of the real estate investment trust’s stock after buying an additional 9,573 shares during the period. Wells Fargo & Company MN owned about 0.38% of HA Sustainable Infrastructure Capital worth $12,114,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of HA Sustainable Infrastructure Capital by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after buying an additional 89,126 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital during the fourth quarter worth $2,451,000. Harbor Capital Advisors Inc. boosted its holdings in shares of HA Sustainable Infrastructure Capital by 42.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock worth $1,932,000 after acquiring an additional 21,446 shares during the period. Nisa Investment Advisors LLC grew its stake in HA Sustainable Infrastructure Capital by 23.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 36,208 shares of the real estate investment trust’s stock valued at $986,000 after acquiring an additional 6,990 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of HA Sustainable Infrastructure Capital by 174.5% in the 4th quarter. Schroder Investment Management Group now owns 721,183 shares of the real estate investment trust’s stock valued at $19,263,000 after acquiring an additional 458,435 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $23.73 on Wednesday. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The firm has a market capitalization of $2.87 billion, a P/E ratio of 15.02, a PEG ratio of 1.06 and a beta of 1.83. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The business has a fifty day moving average of $28.03 and a 200 day moving average of $29.46.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. As a group, sell-side analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a dividend of $0.42 per share. This is a boost from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.08%. HA Sustainable Infrastructure Capital’s payout ratio is 106.33%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group reduced their price target on shares of HA Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Truist Financial initiated coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price target on the stock. Citigroup raised shares of HA Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Robert W. Baird cut their price objective on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.29.

HA Sustainable Infrastructure Capital Company Profile

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company’s portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.