CIBC Private Wealth Group LLC Sells 6,337 Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Posted by on Jun 7th, 2023

CIBC Private Wealth Group LLC cut its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating) by 28.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,267 shares of the real estate investment trust’s stock after selling 6,337 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HASI. AlphaCrest Capital Management LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 9.5% during the 1st quarter. AlphaCrest Capital Management LLC now owns 8,712 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 754 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 22.7% in the 1st quarter. Natixis Advisors L.P. now owns 12,806 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 2,371 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 40,317 shares of the real estate investment trust’s stock valued at $1,912,000 after purchasing an additional 14,237 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 37,622 shares of the real estate investment trust’s stock valued at $1,784,000 after purchasing an additional 1,207 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 7,833,390 shares of the real estate investment trust’s stock worth $371,538,000 after purchasing an additional 86,269 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

In related news, EVP Susan D. Nickey purchased 2,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average cost of $23.91 per share, with a total value of $47,820.00. Following the transaction, the executive vice president now owns 58,245 shares of the company’s stock, valued at approximately $1,392,637.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Marc T. Pangburn bought 3,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was acquired at an average price of $24.12 per share, for a total transaction of $72,360.00. Following the purchase, the chief financial officer now directly owns 48,291 shares in the company, valued at $1,164,778.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan D. Nickey bought 2,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was bought at an average price of $23.91 per share, with a total value of $47,820.00. Following the purchase, the executive vice president now owns 58,245 shares in the company, valued at $1,392,637.95. The disclosure for this purchase can be found here. Insiders have bought 7,087 shares of company stock valued at $170,101 over the last ninety days. 3.40% of the stock is owned by company insiders.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $25.23 on Wednesday. The company has a quick ratio of 18.35, a current ratio of 18.35 and a debt-to-equity ratio of 2.03. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.56 and a twelve month high of $46.24. The stock’s 50 day moving average is $26.50 and its 200-day moving average is $29.81. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 120.15, a PEG ratio of 1.34 and a beta of 1.69.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Wednesday, July 5th will be given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend is Monday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 752.42%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HASI. JPMorgan Chase & Co. dropped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, February 17th. Bank of America lowered their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $29.00 to $24.00 in a research note on Friday, June 2nd. Oppenheimer lowered their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, February 17th. StockNews.com assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Finally, Cowen lowered their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.29.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding HASI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Rating).

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

Receive News & Ratings for Hannon Armstrong Sustainable Infrastructure Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannon Armstrong Sustainable Infrastructure Capital and related companies with MarketBeat.com's FREE daily email newsletter.