Charles Schwab Investment Management Inc. Sells 23,650 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in HA Sustainable Infrastructure Capital by 2.1%, holding approximately $31.61 million worth of shares as of the latest SEC filing.
• HA Sustainable Infrastructure Capital declared a quarterly dividend of $0.42 per share, with a significant payout ratio of 108.39%, indicating strong returns for shareholders despite its substantial debt levels.
• Analyst sentiment remains positive towards HA Sustainable Infrastructure Capital, with an average rating of "Buy" and a consensus target price of $37.90, reflecting confidence in the company's growth prospects.

Charles Schwab Investment Management Inc. reduced its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,081,114 shares of the real estate investment trust's stock after selling 23,650 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.87% of HA Sustainable Infrastructure Capital worth $31,612,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of HA Sustainable Infrastructure Capital by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock worth $396,389,000 after buying an additional 311,184 shares during the last quarter. Plan Group Financial LLC grew its position in shares of HA Sustainable Infrastructure Capital by 67.0% in the 1st quarter. Plan Group Financial LLC now owns 17,910 shares of the real estate investment trust's stock worth $524,000 after buying an additional 7,185 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of HA Sustainable Infrastructure Capital by 171.4% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 82,203 shares of the real estate investment trust's stock worth $2,404,000 after buying an additional 51,917 shares during the last quarter. Blair William & Co. IL grew its position in shares of HA Sustainable Infrastructure Capital by 28.2% in the 1st quarter. Blair William & Co. IL now owns 17,772 shares of the real estate investment trust's stock worth $520,000 after buying an additional 3,907 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new stake in shares of HA Sustainable Infrastructure Capital in the 1st quarter worth approximately $70,000. 96.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HASI shares. UBS Group lifted their price objective on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $37.90.

HA Sustainable Infrastructure Capital Stock Down 1.6%

Shares of NYSE HASI traded down $0.4750 during mid-day trading on Monday, hitting $28.3250. 781,909 shares of the stock traded hands, compared to its average volume of 1,197,955. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.08 and a beta of 1.62. The stock has a fifty day moving average price of $26.83 and a 200-day moving average price of $26.89.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.42 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.68 annualized dividend and a dividend yield of 5.9%. HA Sustainable Infrastructure Capital's payout ratio is currently 108.39%.

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.