CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Raises Stock Position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 35.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,000 shares of the real estate investment trust’s stock after purchasing an additional 16,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned 0.05% of Hannon Armstrong Sustainable Infrastructure Capital worth $1,637,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after buying an additional 89,126 shares during the period. Pallas Capital Advisors LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth $2,451,000. Harbor Capital Advisors Inc. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 42.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock worth $1,932,000 after purchasing an additional 21,446 shares during the period. Oppenheimer & Co. Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after purchasing an additional 27,529 shares in the last quarter. Finally, Creative Planning purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $548,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn bought 3,500 shares of the stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $27.26 on Friday. The company’s 50 day simple moving average is $28.48 and its 200-day simple moving average is $31.24. The firm has a market cap of $3.23 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.00 and a beta of 1.94. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $22.59 and a 12-month high of $36.56. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HASI. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday. The Goldman Sachs Group lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

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.