Nicola Wealth Management LTD. Reduces Stake in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Nicola Wealth Management LTD. reduced its stake in HA Sustainable Infrastructure Capital by 15% during Q1, selling 15,000 shares and holding 85,000 shares valued at approximately $2.5 million afterward.
• Several institutional investors increased their stakes in HA Sustainable Infrastructure Capital, with notable increases from Signaturefd LLC (up 72.4%) and others, highlighting strong investor interest.
• HA Sustainable Infrastructure Capital announced a quarterly dividend of $0.42 per share, resulting in an annualized yield of 5.9%, with a payout ratio indicating a commitment to dividends despite potential over-extension.

Nicola Wealth Management LTD. lowered its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 15.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,000 shares of the real estate investment trust's stock after selling 15,000 shares during the quarter. Nicola Wealth Management LTD. owned about 0.07% of HA Sustainable Infrastructure Capital worth $2,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in HA Sustainable Infrastructure Capital during the first quarter valued at about $29,000. Signaturefd LLC boosted its position in HA Sustainable Infrastructure Capital by 72.4% during the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 495 shares in the last quarter. Garde Capital Inc. bought a new stake in HA Sustainable Infrastructure Capital during the first quarter valued at about $35,000. Parallel Advisors LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 3,221.5% during the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 2,094 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter worth about $70,000. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Price Performance

Shares of HA Sustainable Infrastructure Capital stock traded down $0.35 on Friday, reaching $27.99. The company's stock had a trading volume of 610,219 shares, compared to its average volume of 834,756. 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 52-week low of $21.98 and a 52-week high of $36.56. The company has a market capitalization of $3.48 billion, a P/E ratio of 18.05, a PEG ratio of 1.05 and a beta of 1.58. The stock has a 50-day moving average price of $27.19 and a 200-day moving average price of $26.85.

HA Sustainable Infrastructure Capital Announces Dividend

The company 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 dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is presently 108.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HASI. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group boosted their price target on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $37.38.

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.