HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Holdings Raised by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 101.7% during the fourth quarter, HoldingsChannel reports. The firm owned 296,475 shares of the real estate investment trust’s stock after acquiring an additional 149,465 shares during the period. Alliancebernstein L.P.’s holdings in HA Sustainable Infrastructure Capital were worth $7,954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of HA Sustainable Infrastructure Capital by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust’s stock worth $379,790,000 after acquiring an additional 949,253 shares in the last quarter. Vanguard Group Inc. grew its position in HA Sustainable Infrastructure Capital by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust’s stock worth $355,369,000 after purchasing an additional 156,695 shares in the last quarter. State Street Corp raised its stake in HA Sustainable Infrastructure Capital by 1.0% during the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock valued at $152,575,000 after purchasing an additional 42,762 shares during the period. Geode Capital Management LLC lifted its holdings in shares of HA Sustainable Infrastructure Capital by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock valued at $90,912,000 after purchasing an additional 53,799 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of HA Sustainable Infrastructure Capital by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock worth $59,265,000 after buying an additional 602,456 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

HASI has been the subject of several research analyst reports. Truist Financial assumed coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company started coverage on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of HA Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, 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 research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

HA Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI opened at $23.04 on Friday. The business’s 50-day simple moving average is $28.19 and its 200-day simple moving average is $29.63. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.06 and a beta of 1.83.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate 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 company had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. As a group, equities research analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.42 per share. This is a positive change from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a yield of 7.29%. HA Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

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.