Swedbank AB Has $41.89 Million Holdings in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Swedbank AB reduced its stake in HA Sustainable Infrastructure Capital by 51.1%, selling 1,629,208 shares and retaining 1,559,568 shares, valuing its holding at approximately $41.89 million.
• HA Sustainable Infrastructure Capital has received multiple upgrades from analysts, with JPMorgan Chase raising the price target from $42.00 to $45.00 and maintaining an "overweight" rating.
• The company announced a quarterly dividend of $0.42 per share, with a dividend yield of 5.8%, to be paid on October 17th.

Swedbank AB cut its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 51.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,559,568 shares of the real estate investment trust's stock after selling 1,629,208 shares during the period. Swedbank AB owned 1.28% of HA Sustainable Infrastructure Capital worth $41,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HASI. Zions Bancorporation National Association UT purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth about $29,000. Signaturefd LLC raised its stake in shares of HA Sustainable Infrastructure Capital by 72.4% during the 1st 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 in the last quarter. Garde Capital Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth about $35,000. Parallel Advisors LLC raised its stake in shares of HA Sustainable Infrastructure Capital by 3,221.5% in the 1st 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 in the last quarter. Finally, Cheviot Value Management LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $70,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Wall Street Zen raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. raised their price objective on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $38.13.

HA Sustainable Infrastructure Capital Stock Performance

HASI traded up $0.47 during midday trading on Tuesday, reaching $29.41. The company's stock had a trading volume of 92,443 shares, compared to its average volume of 1,232,400. The stock has a market cap of $3.66 billion, a P/E ratio of 18.99, a PEG ratio of 1.08 and a beta of 1.58. The company has a fifty day simple moving average of $27.37 and a 200 day simple moving average of $26.85. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The company 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 dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) 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.