LPL Financial LLC Sells 16,493 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• LPL Financial LLC reduced its stake in HA Sustainable Infrastructure Capital by 8.9% during the first quarter, now owning approximately 169,246 shares valued at about $4.9 million.
• Analyst ratings indicate a consensus of "Moderate Buy" for HA Sustainable Infrastructure Capital, with a target price recently raised by UBS Group from $38.00 to $39.00.
• The company declared a quarterly dividend of $0.42 per share, resulting in an annual yield of 6.2%, despite a dividend payout ratio of 108.39%.

LPL Financial LLC cut its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,246 shares of the real estate investment trust's stock after selling 16,493 shares during the quarter. LPL Financial LLC owned about 0.14% of HA Sustainable Infrastructure Capital worth $4,949,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Signaturefd LLC grew its holdings in HA Sustainable Infrastructure Capital by 72.4% in the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 495 shares during the period. Garde Capital Inc. purchased a new position in HA Sustainable Infrastructure Capital in the first quarter valued at about $35,000. Parallel Advisors LLC boosted its stake in HA Sustainable Infrastructure Capital by 3,221.5% in the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 2,094 shares during the last quarter. Sterling Capital Management LLC raised its stake 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 valued at $98,000 after buying an additional 3,249 shares during the period. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter valued at approximately $146,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HASI. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group increased their price target on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of "Moderate Buy" and a consensus target price of $37.90.

HA Sustainable Infrastructure Capital Trading Down 0.5%

Shares of NYSE:HASI traded down $0.14 during midday trading on Monday, hitting $27.51. 356,669 shares of the stock traded hands, compared to its average volume of 1,281,450. The business's 50 day moving average is $26.70 and its two-hundred day moving average is $26.89. The stock has a market capitalization of $3.42 billion, a PE ratio of 17.73, a P/E/G ratio of 1.04 and a beta of 1.62. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 annualized dividend and a dividend yield of 6.1%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 108.39%.

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.