Envestnet Asset Management Inc. Buys 9,125 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Envestnet Asset Management Inc. grew its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 221,645 shares of the real estate investment trust's stock after purchasing an additional 9,125 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.18% of HA Sustainable Infrastructure Capital worth $6,481,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Garde Capital Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter worth approximately $35,000. Parallel Advisors LLC increased its stake in HA Sustainable Infrastructure Capital by 3,221.5% in the 1st quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 2,094 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of HA Sustainable Infrastructure Capital by 830.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the real estate investment trust's stock worth $98,000 after acquiring an additional 3,249 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth approximately $146,000. Finally, GAMMA Investing LLC increased its position in shares of HA Sustainable Infrastructure Capital by 31.5% in the first quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust's stock worth $171,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

HASI traded up $0.08 on Friday, reaching $27.91. The company had a trading volume of 493,238 shares, compared to its average volume of 1,347,908. The company has a debt-to-equity ratio of 1.91, a quick ratio of 11.04 and a current ratio of 11.04. The company's fifty day moving average is $26.56 and its 200 day moving average is $27.04. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56. The stock has a market cap of $3.39 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.04 and a beta of 1.68.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd were given a $0.42 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.02%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 161.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Robert W. Baird decreased their price target on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.40.

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.