Wellington Management Group LLP Has $398.20 Million Stake in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Wellington Management Group LLP reduced its stake in HA Sustainable Infrastructure Capital (NYSE:HASI) by 3.8%, now owning approximately 10.99% of the company, valued at $398 million.
• Multiple institutional investors have significantly increased their stakes in HASI, reflecting a strong interest in the company, which is now 96.14% owned by institutional shareholders.
• Analysts have predominantly rated HASI as a "Moderate Buy", with a current consensus target price of $37.90, up from UBS Group's revised price of $39.00.

Wellington Management Group LLP reduced its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 3.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,618,197 shares of the real estate investment trust's stock after selling 537,214 shares during the quarter. Wellington Management Group LLP owned 10.99% of HA Sustainable Infrastructure Capital worth $398,196,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of HA Sustainable Infrastructure Capital by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock worth $396,389,000 after acquiring an additional 311,184 shares in the last quarter. Northern Trust Corp increased its holdings in shares of HA Sustainable Infrastructure Capital by 18.1% in the fourth quarter. Northern Trust Corp now owns 1,715,087 shares of the real estate investment trust's stock worth $46,016,000 after acquiring an additional 262,443 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 6.7% in the fourth quarter. Hood River Capital Management LLC now owns 1,603,857 shares of the real estate investment trust's stock worth $43,031,000 after acquiring an additional 101,016 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of HA Sustainable Infrastructure Capital by 7.8% in the first quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock worth $44,936,000 after acquiring an additional 110,617 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of HA Sustainable Infrastructure Capital by 40.0% in the first quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock worth $38,345,000 after acquiring an additional 374,946 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HASI shares. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group increased their price objective on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $37.90.

HA Sustainable Infrastructure Capital Stock Up 5.3%

NYSE HASI traded up $1.4570 during trading hours on Friday, hitting $28.8170. 1,273,210 shares of the company traded hands, compared to its average volume of 1,197,955. The business's 50-day moving average is $26.81 and its 200-day moving average is $26.89. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.08 and a beta of 1.62.

HA Sustainable Infrastructure Capital Announces Dividend

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 dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 annualized dividend and a yield of 5.8%. HA Sustainable Infrastructure Capital's dividend payout ratio is 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.