LPL Financial LLC Cuts Stake in HA Sustainable Infrastructure Capital, Inc. (NYSE: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 reduced its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HASI. Wells Fargo & Company MN grew its holdings in HA Sustainable Infrastructure Capital by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 451,502 shares of the real estate investment trust's stock valued at $12,114,000 after buying an additional 9,573 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of HA Sustainable Infrastructure Capital by 14.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 212,520 shares of the real estate investment trust's stock valued at $5,702,000 after purchasing an additional 26,560 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of HA Sustainable Infrastructure Capital by 17.3% in the fourth quarter. Bank of Montreal Can now owns 15,477 shares of the real estate investment trust's stock valued at $415,000 after purchasing an additional 2,288 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of HA Sustainable Infrastructure Capital in the fourth quarter valued at $4,623,000. Finally, Sterling Capital Management LLC grew its holdings 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 purchasing an additional 3,249 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on HASI shares. UBS Group raised their target price on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a report on Monday. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HA Sustainable Infrastructure Capital has a consensus rating of "Moderate Buy" and a consensus target price of $37.90.

HA Sustainable Infrastructure Capital Stock Up 2.7%

Shares of HASI opened at $26.92 on Thursday. The company has a market cap of $3.35 billion, a PE ratio of 17.37, a P/E/G ratio of 0.99 and a beta of 1.62. The business has a fifty day moving average of $26.62 and a 200 day moving average of $26.92. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. The company has a quick ratio of 11.04, a current ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.42 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 6.2%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

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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