Principal Financial Group Inc. Has $17.32 Million Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Principal Financial Group Inc. raised its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 592,282 shares of the real estate investment trust's stock after purchasing an additional 17,880 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of HA Sustainable Infrastructure Capital worth $17,318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 393.3% in the fourth quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after buying an additional 4,535,345 shares in the last quarter. Norges Bank bought a new position in shares of HA Sustainable Infrastructure Capital in the 4th quarter valued at about $30,557,000. Wellington Management Group LLP grew its position in shares of HA Sustainable Infrastructure Capital by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after acquiring an additional 949,253 shares during the period. Tidal Investments LLC increased its stake in shares of HA Sustainable Infrastructure Capital by 2,466.7% during the 4th quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock worth $18,762,000 after purchasing an additional 672,031 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of HA Sustainable Infrastructure Capital by 52.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,395,573 shares of the real estate investment trust's stock valued at $37,443,000 after purchasing an additional 482,097 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

NYSE HASI traded down $0.32 on Monday, reaching $27.09. The stock had a trading volume of 1,069,611 shares, compared to its average volume of 1,196,735. The company has a debt-to-equity ratio of 1.91, a current ratio of 11.04 and a quick ratio of 11.04. The company has a market cap of $3.29 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 1.03 and a beta of 1.68. The firm has a fifty day moving average of $26.48 and a two-hundred day moving average of $27.04. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, July 2nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date was Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio is 161.54%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HASI. Robert W. Baird reduced their price target on 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. Wall Street Zen downgraded HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of "Moderate Buy" and an average price target of $38.00.

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.