Charles Schwab Investment Management Inc. Has $31.61 Million Stock Holdings in 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. cut its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 approximately 0.87% of HA Sustainable Infrastructure Capital worth $31,612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of HA Sustainable Infrastructure Capital by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock valued at $396,389,000 after buying an additional 311,184 shares in the last quarter. Northern Trust Corp increased its position in HA Sustainable Infrastructure Capital by 18.1% in the fourth quarter. Northern Trust Corp now owns 1,715,087 shares of the real estate investment trust's stock worth $46,016,000 after purchasing an additional 262,443 shares during the period. Hood River Capital Management LLC increased its position in HA Sustainable Infrastructure Capital by 6.7% in the fourth quarter. Hood River Capital Management LLC now owns 1,603,857 shares of the real estate investment trust's stock worth $43,031,000 after purchasing an additional 101,016 shares during the period. Vontobel Holding Ltd. increased its position in HA Sustainable Infrastructure Capital by 7.8% in the first quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock worth $44,936,000 after purchasing an additional 110,617 shares during the period. Finally, Deutsche Bank AG increased its position in HA Sustainable Infrastructure Capital by 36.8% in the fourth quarter. Deutsche Bank AG now owns 1,031,732 shares of the real estate investment trust's stock worth $27,681,000 after purchasing an additional 277,734 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Trading Up 1.1%

NYSE:HASI opened at $27.7990 on Wednesday. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. The stock has a market capitalization of $3.46 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.04 and a beta of 1.62. The business's 50-day simple moving average is $26.76 and its 200-day simple moving average is $26.90.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is 108.39%.

Analyst Ratings Changes

A number of brokerages recently commented on HASI. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. 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. One investment 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 stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $37.90.

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.

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