Fmr LLC Grows Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

FMR LLC boosted its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 393.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,688,560 shares of the real estate investment trust's stock after purchasing an additional 4,535,345 shares during the period. FMR LLC owned 4.80% of HA Sustainable Infrastructure Capital worth $152,624,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HASI. Wellington Management Group LLP grew its holdings in shares of HA Sustainable Infrastructure Capital by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock worth $379,790,000 after purchasing an additional 949,253 shares during the last quarter. Vanguard Group Inc. boosted its position in HA Sustainable Infrastructure Capital by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust's stock worth $355,369,000 after buying an additional 156,695 shares during the period. Geode Capital Management LLC grew its holdings in HA Sustainable Infrastructure Capital by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,683,617 shares of the real estate investment trust's stock worth $72,018,000 after acquiring an additional 46,733 shares during the last quarter. Bank of New York Mellon Corp increased its position in HA Sustainable Infrastructure Capital by 37.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock valued at $59,265,000 after acquiring an additional 602,456 shares during the period. Finally, Vontobel Holding Ltd. raised its stake in shares of HA Sustainable Infrastructure Capital by 6.2% during the fourth quarter. Vontobel Holding Ltd. now owns 1,426,174 shares of the real estate investment trust's stock valued at $38,264,000 after acquiring an additional 83,106 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday. Citigroup upgraded HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Wells Fargo & Company started coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, Truist Financial initiated coverage on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a "buy" rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital has a consensus rating of "Moderate Buy" and an average price target of $39.29.

HA Sustainable Infrastructure Capital Stock Up 1.5 %

Shares of NYSE HASI traded up $0.37 during midday trading on Friday, hitting $24.21. 939,916 shares of the stock traded hands, compared to its average volume of 1,143,837. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The business has a 50 day moving average price of $27.76 and a two-hundred day moving average price of $29.31. The company has a market cap of $2.93 billion, a PE ratio of 15.32, a P/E/G ratio of 1.06 and a beta of 1.83.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.02). HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. On average, equities analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a $0.42 dividend. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 annualized dividend and a yield of 6.94%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 106.33%.

About HA Sustainable Infrastructure Capital

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.