Oppenheimer & Co. Inc. Buys 59,729 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Oppenheimer & Co. boosted its stake in HA Sustainable Infrastructure Capital (NYSE:HASI) by 28.4% in Q4, buying 59,729 shares to hold 270,118 shares (~0.21%) worth $8.49 million.
• HASI reported Q earnings of $0.67 per share (in line with estimates) and revenue of $114.81 million, set FY2028 EPS guidance of 3.500–3.600, and has seen multiple analyst target increases leading to a consensus "Moderate Buy" and $45 price target.
• The company raised its quarterly dividend to $0.425 (annualized $1.70) for a ~4.0% yield, though the dividend payout ratio is elevated at 125%.

Oppenheimer & Co. Inc. lifted its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 270,118 shares of the real estate investment trust's stock after acquiring an additional 59,729 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.21% of HA Sustainable Infrastructure Capital worth $8,490,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Jennison Associates LLC bought a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth about $610,000. Pekin Hardy Strauss Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital by 5.0% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 7,310 shares of the real estate investment trust's stock worth $230,000 after acquiring an additional 345 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 14,050,580 shares of the real estate investment trust's stock worth $441,610,000 after acquiring an additional 61,189 shares in the last quarter. Ruffer LLP bought a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth about $2,894,000. Finally, CWM LLC boosted its stake in shares of HA Sustainable Infrastructure Capital by 30.1% during the 4th quarter. CWM LLC now owns 6,023 shares of the real estate investment trust's stock worth $189,000 after acquiring an additional 1,392 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $42.55 on Friday. The business has a 50 day moving average price of $37.87 and a 200 day moving average price of $34.64. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $24.28 and a twelve month high of $42.98. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.34 and a beta of 1.47. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 1.94.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.The firm had revenue of $114.81 million during the quarter, compared to the consensus estimate of $28.74 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Research analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.71 earnings per share for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd were given a $0.425 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital's dividend payout ratio is 125.00%.

Insider Activity at HA Sustainable Infrastructure Capital

In other HA Sustainable Infrastructure Capital news, Director Jeffrey Eckel sold 134,398 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total value of $5,272,433.54. Following the completion of the sale, the director owned 9,050 shares in the company, valued at approximately $355,031.50. This trade 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 the SEC website. Corporate insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

HASI has been the subject of several recent analyst reports. UBS Group increased their target price on HA Sustainable Infrastructure Capital from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Wells Fargo & Company increased their target price on HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, February 18th. Citigroup increased their target price on HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Mizuho increased their target price on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 4th. Finally, Morgan Stanley increased their target price on HA Sustainable Infrastructure Capital from $47.00 to $54.00 and gave the company an "overweight" rating in a research note on Tuesday, April 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, HA Sustainable Infrastructure Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

HA Sustainable Infrastructure Capital Profile

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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