SFE Investment Counsel Purchases 5,833 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

SFE Investment Counsel lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 8.3% during the second quarter, Holdings Channel.com reports. The firm owned 76,363 shares of the real estate investment trust’s stock after acquiring an additional 5,833 shares during the quarter. SFE Investment Counsel’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $4,288,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HASI. Inverness Counsel LLC NY bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at $258,000. National Asset Management Inc. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 5.4% in the second quarter. National Asset Management Inc. now owns 12,481 shares of the real estate investment trust’s stock valued at $701,000 after buying an additional 643 shares during the period. Principal Financial Group Inc. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 9,048 shares of the real estate investment trust’s stock worth $508,000 after buying an additional 1,237 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 82,648 shares of the real estate investment trust’s stock valued at $4,641,000 after purchasing an additional 2,727 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.5% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 98,005 shares of the real estate investment trust’s stock valued at $5,503,000 after purchasing an additional 2,347 shares during the period. 83.09% of the stock is currently owned by institutional investors.

Shares of HASI stock traded up $0.58 during trading hours on Wednesday, reaching $55.54. The company had a trading volume of 7,195 shares, compared to its average volume of 620,001. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $37.07 and a 12-month high of $72.42. The company has a debt-to-equity ratio of 1.92, a quick ratio of 22.96 and a current ratio of 22.96. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 4.09 and a beta of 1.81. The stock has a fifty day moving average of $57.44 and a 200-day moving average of $54.55.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 8th. Stockholders of record on Friday, October 1st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 104.48%.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, July 21st. Zacks Investment Research lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, August 17th. Finally, B. Riley increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Buy” and a consensus price target of $64.50.

In related news, CEO Jeffrey Eckel sold 63,333 shares of the firm’s stock in a transaction dated Wednesday, August 11th. The stock was sold at an average price of $57.84, for a total transaction of $3,663,180.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nathaniel Rose sold 10,000 shares of the firm’s stock in a transaction dated 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. Insiders have sold a total of 93,333 shares of company stock valued at $5,426,981 over the last three months. Corporate insiders own 3.40% of the company’s stock.

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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