JPMorgan Chase & Co. Acquires 323,361 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• JPMorgan Chase & Co. increased its stake in HA Sustainable Infrastructure Capital by 18.6%, acquiring 323,361 shares in Q3 to hold 2,060,698 shares (about 1.63% of the company) valued at roughly $63.26 million.
• Director Jeffrey Eckel sold 134,398 shares on Feb. 17 at an average price of $39.23 for about $5.27 million, reducing his position by 93.69% to 9,050 shares; corporate insiders now own 2.00% of the stock.
• HASI reported Q results with $0.67 EPS and $114.8 million revenue, set FY2028 guidance of 3.500–3.600 EPS, and raised its quarterly dividend to $0.425 ($1.70 annualized, 4.6% yield) despite a 125% payout ratio; analysts maintain a consensus Moderate Buy with a $43.22 target after several price-target increases.

JPMorgan Chase & Co. increased its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,060,698 shares of the real estate investment trust's stock after acquiring an additional 323,361 shares during the period. JPMorgan Chase & Co. owned about 1.63% of HA Sustainable Infrastructure Capital worth $63,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Salomon & Ludwin LLC bought a new position in HA Sustainable Infrastructure Capital during the third quarter worth about $27,000. iSAM Funds UK Ltd bought a new stake in shares of HA Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. raised its holdings in shares of HA Sustainable Infrastructure Capital by 630.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,323 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,142 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of HA Sustainable Infrastructure Capital during the 3rd quarter worth approximately $67,000. Finally, Quadrant Capital Group LLC bought a new position in shares of HA Sustainable Infrastructure Capital during the 3rd quarter worth approximately $72,000. Institutional investors own 96.14% of the company's stock.

Insider Buying and Selling

In other HA Sustainable Infrastructure Capital news, Director Jeffrey Eckel sold 134,398 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $39.23, for a total transaction of $5,272,433.54. Following the sale, the director owned 9,050 shares of the company's stock, valued at $355,031.50. This represents a 93.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

HA Sustainable Infrastructure Capital Trading Up 2.5%

HASI stock opened at $36.83 on Friday. The business has a fifty day moving average price of $35.87 and a 200 day moving average price of $32.64. The company has a debt-to-equity ratio of 1.94, a current ratio of 9.20 and a quick ratio of 9.20. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $40.01. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.15 and a beta of 1.44.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, hitting analysts' consensus estimates of $0.67. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.The company had revenue of $114.81 million for the quarter, compared to analyst estimates of $28.74 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be given a dividend of $0.425 per share. This is a positive change from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date is Thursday, April 2nd. This represents a $1.70 annualized dividend and a yield of 4.6%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 125.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HASI shares. Morgan Stanley upped their price target on HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Tuesday, December 2nd. TD Cowen lifted their price objective on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, February 17th. Royal Bank Of Canada restated an "outperform" rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, December 17th. Oppenheimer reaffirmed an "outperform" rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group lifted their price target on shares of HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a "neutral" rating in a report on Tuesday, February 17th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.22.

About HA Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc NYSE: HASI is a publicly traded real estate investment trust specializing in financing and investing in climate change solutions. Founded in 1988 and headquartered in Annapolis, Maryland, the company provides debt and equity capital to sustainable infrastructure projects across North America. Its mission is to support energy efficiency, renewable energy generation and resilient infrastructure, helping public and private sector clients reduce carbon emissions and achieve long-term environmental goals.

Hannon Armstrong's core business activities include originating and structuring loans, acquiring debt and equity interests, and managing a diversified portfolio of projects in sectors such as solar energy, wind power, energy storage, green buildings, and sustainable agriculture.

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