Natixis Raises Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Natixis boosted its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 99.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 698,363 shares of the real estate investment trust’s stock after purchasing an additional 348,363 shares during the period. Natixis’ holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $39,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HASI. ShoreHaven Wealth Partners LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at approximately $27,000. Parallel Advisors LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $31,000. Psagot Investment House Ltd. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth approximately $33,000. Finally, KB Financial Partners LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 83.09% of the company’s stock.

In related news, CEO Jeffrey Eckel sold 63,333 shares of the stock in a transaction on Wednesday, August 11th. The stock was sold at an average price of $57.84, for a total value of $3,663,180.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nathaniel Rose sold 10,000 shares of the stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $59.54, for a total value of $595,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,333 shares of company stock valued at $5,426,981. Corporate insiders own 3.40% of the company’s stock.

Several research firms have commented on HASI. Zacks Investment Research upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, October 6th. KeyCorp began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 21st. They issued a “sector weight” rating on the stock. Berenberg Bank began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday. They issued a “buy” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 21st. Finally, B. Riley upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $64.11.

Shares of HASI stock traded up $1.35 during trading hours on Thursday, hitting $58.57. 1,744 shares of the company’s stock were exchanged, compared to its average volume of 603,354. The company has a quick ratio of 22.96, a current ratio of 22.96 and a debt-to-equity ratio of 1.92. The firm has a market cap of $4.60 billion, a P/E ratio of 40.58, a P/E/G ratio of 4.09 and a beta of 1.81. The firm has a 50 day moving average of $57.03 and a two-hundred day moving average of $54.56. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $41.62 and a fifty-two week high of $72.42.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 8th. Stockholders of record on Friday, October 1st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, September 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 104.48%.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in focusing on solutions that reduce carbon emissions and increase resilience to climate change by providing capital and specialized expertise to companies in the energy efficiency, renewable energy and other sustainable infrastructure markets.

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Institutional Ownership by Quarter for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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