CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Acquires 10,000 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 28.6% during the third quarter, HoldingsChannel reports. The fund owned 45,000 shares of the real estate investment trust’s stock after acquiring an additional 10,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $1,551,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HASI. Vanguard Group Inc. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after purchasing an additional 713,519 shares during the last quarter. Swedbank AB raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after buying an additional 257,233 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock worth $51,161,000 after buying an additional 267,304 shares during the last quarter. Vontobel Holding Ltd. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust’s stock worth $46,296,000 after acquiring an additional 11,632 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 19.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,027,913 shares of the real estate investment trust’s stock valued at $28,350,000 after purchasing an additional 166,192 shares during the period. Institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target on the stock. Jefferies Financial Group started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, Robert W. Baird increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.7 %

Shares of NYSE HASI traded up $0.24 during mid-day trading on Tuesday, hitting $34.68. The company had a trading volume of 349,089 shares, compared to its average volume of 1,031,980. The company has a market capitalization of $3.95 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98. The business’s 50-day simple moving average is $33.49 and its 200 day simple moving average is $31.22. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 1-year low of $16.60 and a 1-year high of $36.15. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. During the same period in the prior year, the company posted $0.53 earnings per share. On average, analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 4.79%. The ex-dividend date was Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in 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.