Envestnet Asset Management Inc. Purchases 14,170 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Envestnet Asset Management Inc. grew its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,630 shares of the real estate investment trust’s stock after acquiring an additional 14,170 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of HA Sustainable Infrastructure Capital worth $6,743,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swedbank AB lifted its holdings in HA Sustainable Infrastructure Capital by 4.8% in the third quarter. Swedbank AB now owns 1,635,072 shares of the real estate investment trust’s stock worth $50,197,000 after buying an additional 75,504 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 4,646.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 42,007 shares of the real estate investment trust’s stock worth $1,290,000 after acquiring an additional 41,122 shares during the period. ABN AMRO Bank N.V. bought a new position in shares of HA Sustainable Infrastructure Capital in the 2nd quarter worth approximately $6,297,000. Baird Financial Group Inc. lifted its stake in shares of HA Sustainable Infrastructure Capital by 7.6% in the 2nd quarter. Baird Financial Group Inc. now owns 533,666 shares of the real estate investment trust’s stock valued at $14,334,000 after purchasing an additional 37,678 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of HA Sustainable Infrastructure Capital by 306.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 433,551 shares of the real estate investment trust’s stock valued at $13,310,000 after purchasing an additional 326,810 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $37.26 on Friday. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.45. The company has a debt-to-equity ratio of 1.94, a quick ratio of 11.03 and a current ratio of 9.20. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $40.01. The company’s 50-day moving average is $34.38 and its 200 day moving average is $31.40.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $114.81 million for the quarter, compared to the consensus estimate 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. Sell-side 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 declared 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 is an increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Thursday, April 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 123.53%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price objective on HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Jefferies Financial Group increased their price target on shares of HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. UBS Group lifted their price target on shares of HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group upped 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 report on Tuesday. Finally, TD Cowen lifted their target price on shares of HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Activity

In related news, Director Jeffrey Eckel sold 134,398 shares of the stock in a transaction 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 directly owned 9,050 shares of the company’s stock, valued at $355,031.50. This trade represents a 93.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

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.