NBW Capital LLC Has $5.34 Million Stock Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Key Points

• NBW Capital LLC has reduced its holdings in HA Sustainable Infrastructure Capital, Inc. by 18.9%, owning approximately 182,452 shares valued at $5.34 million.
• Other hedge funds have increased their positions, with Signaturefd LLC raising its stake by 72.4% in the first quarter.
• Analysts have varying opinions on HASI, with ratings including one sell, eight buy, and a consensus rating of “Moderate Buy” with a price target of $37.78.

NBW Capital LLC lowered its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 18.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,452 shares of the real estate investment trust's stock after selling 42,427 shares during the period. NBW Capital LLC owned about 0.15% of HA Sustainable Infrastructure Capital worth $5,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of HA Sustainable Infrastructure Capital by 31.5% during the first quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust's stock worth $171,000 after purchasing an additional 1,400 shares during the period. GSA Capital Partners LLP bought a new stake in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth about $880,000. Principal Financial Group Inc. boosted its position in shares of HA Sustainable Infrastructure Capital by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust's stock valued at $17,318,000 after purchasing an additional 17,880 shares in the last quarter. Aurora Private Wealth Inc. bought a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter valued at about $675,000. Finally, Apollon Wealth Management LLC bought a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter valued at about $624,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HASI shares. Robert W. Baird decreased their target price 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. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, UBS Group lifted their price target on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $37.90.

HA Sustainable Infrastructure Capital Stock Up 1.4%

NYSE HASI traded up $0.35 during trading hours on Tuesday, reaching $26.01. 303,665 shares of the company's stock were exchanged, compared to its average volume of 1,277,869. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The company's 50-day moving average is $26.56 and its two-hundred day moving average is $26.93. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.04 and a current ratio of 10.81.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 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.