Oppenheimer & Co. Inc. Has $912,000 Stake in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Posted by on May 12th, 2023

Oppenheimer & Co. Inc. trimmed its holdings in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) by 77.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,482 shares of the real estate investment trust’s stock after selling 108,604 shares during the period. Oppenheimer & Co. Inc.’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $912,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Congress Asset Management Co. MA lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.2% in the third quarter. Congress Asset Management Co. MA now owns 33,456 shares of the real estate investment trust’s stock valued at $1,001,000 after buying an additional 400 shares during the last quarter. First Affirmative Financial Network lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.8% in the fourth quarter. First Affirmative Financial Network now owns 7,650 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 419 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.1% in the second quarter. Prudential Financial Inc. now owns 6,738 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 446 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,359 shares of the real estate investment trust’s stock valued at $793,000 after buying an additional 458 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,359 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 476 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HASI. TheStreet cut Hannon Armstrong Sustainable Infrastructure Capital from a “b-” rating to a “c” rating in a report on Thursday, February 16th. Cowen dropped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, February 23rd. Oppenheimer dropped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, February 17th. StockNews.com began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, March 16th. They set a “sell” rating for the company. Finally, Bank of America raised Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $39.00 to $34.00 in a report on Tuesday, January 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Hold” and a consensus target price of $43.71.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, insider Jeffrey Eckel purchased 2,087 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were bought at an average price of $23.92 per share, for a total transaction of $49,921.04. Following the purchase, the insider now owns 549,894 shares in the company, valued at approximately $13,153,464.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Marc T. Pangburn acquired 3,000 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average price of $24.12 per share, for a total transaction of $72,360.00. Following the transaction, the chief financial officer now directly owns 48,291 shares of the company’s stock, valued at approximately $1,164,778.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Eckel acquired 2,087 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Thursday, March 16th. The shares were purchased at an average price of $23.92 per share, for a total transaction of $49,921.04. Following the transaction, the insider now directly owns 549,894 shares in the company, valued at $13,153,464.48. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 7,087 shares of company stock worth $170,101. Insiders own 3.40% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $25.72 on Friday. The stock’s fifty day moving average price is $27.34 and its two-hundred day moving average price is $30.24. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a one year low of $21.56 and a one year high of $46.24. The company has a debt-to-equity ratio of 1.79, a current ratio of 18.57 and a quick ratio of 18.57. The firm has a market cap of $2.36 billion, a PE ratio of 122.48, a price-to-earnings-growth ratio of 1.37 and a beta of 1.68.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Wednesday, July 5th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.58 annualized dividend and a dividend yield of 6.14%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 752.38%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in the business of investing in climate solutions and the provision of capital to assets developed by companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. It focuses on generating attractive returns from a diversified portfolio of project company investments with long-term, predictable cash flows from proven technologies that reduce carbon emissions or increase resilience to climate change.

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

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