HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,520 shares of the real estate investment trust’s stock after acquiring an additional 26,560 shares during the period. Envestnet Asset Management Inc. owned 0.18% of HA Sustainable Infrastructure Capital worth $5,702,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HASI. Legend Financial Advisors Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital in the 4th quarter valued at $27,000. Blue Trust Inc. increased its stake in HA Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 394 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of HA Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 439 shares during the period. Roxbury Financial LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth about $39,000. Finally, Allworth Financial LP increased its position in HA Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,584 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HASI shares. Citigroup raised shares of HA Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. Robert W. Baird decreased their target price on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company started coverage on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective for the company. Finally, Truist Financial initiated coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.29.

HA Sustainable Infrastructure Capital Trading Down 3.0 %

Shares of NYSE HASI opened at $23.49 on Tuesday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 14.87, a PEG ratio of 1.06 and a beta of 1.83. The stock’s 50 day moving average price is $27.60 and its two-hundred day moving average price is $29.10. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56.

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

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.15%. This is a boost from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, April 4th. HA Sustainable Infrastructure Capital’s dividend payout ratio is presently 106.33%.

HA Sustainable Infrastructure Capital 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.