Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

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

A number of other large investors have also modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 237,938 shares of the real estate investment trust’s stock worth $7,043,000 after acquiring an additional 9,051 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 81.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 83,561 shares of the real estate investment trust’s stock valued at $2,473,000 after purchasing an additional 37,465 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.3% in the second quarter. Hsbc Holdings PLC now owns 57,969 shares of the real estate investment trust’s stock valued at $1,714,000 after purchasing an additional 2,387 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 31.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,495 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 837 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 10.0% during the second quarter. Evergreen Capital Management LLC now owns 13,686 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 1,243 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 2.2 %

Shares of HASI opened at $27.26 on Friday. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $22.59 and a fifty-two week high of $36.56. The stock has a fifty day moving average of $28.48 and a two-hundred day moving average of $31.24. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The company has a market capitalization 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis 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 93.26%.

Analyst Upgrades and Downgrades

HASI has been the topic of several research analyst reports. Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday. Robert W. Baird lifted 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 note on Friday, September 27th. The Goldman Sachs Group lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Finally, StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.25.

Insiders Place Their Bets

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

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.