California State Teachers Retirement System lowered its position in shares of Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) by 5.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 76,672 shares of the company’s stock after selling 4,413 shares during the period. California State Teachers Retirement System owned about 0.20% of Hannon Armstrong Sustainable Infrastructure Capital worth $1,656,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.6% in the first quarter. Wellington Management Group LLP now owns 3,371,745 shares of the company’s stock worth $64,806,000 after buying an additional 209,491 shares during the period. Neumeier Poma Investment Counsel LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.3% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,383,360 shares of the company’s stock worth $26,588,000 after buying an additional 94,175 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 26.1% in the second quarter. Hood River Capital Management LLC now owns 135,364 shares of the company’s stock worth $2,924,000 after buying an additional 27,988 shares during the period. Royal Bank of Canada boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 44.4% in the first quarter. Royal Bank of Canada now owns 81,264 shares of the company’s stock worth $1,562,000 after buying an additional 25,004 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.1% in the first quarter. Geode Capital Management LLC now owns 231,508 shares of the company’s stock worth $4,449,000 after buying an additional 17,348 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Shares of Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) traded up 3.12% during trading on Friday, reaching $23.14. The company’s stock had a trading volume of 633,316 shares. The stock has a market capitalization of $971.53 million, a PE ratio of 85.07 and a beta of 1.08. The firm’s 50-day moving average is $23.32 and its 200-day moving average is $20.87. Hannon Armstrong Sustainable Infrastructure Capital Inc. has a 12-month low of $15.46 and a 12-month high of $25.21.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $21.85 million for the quarter, compared to analyst estimates of $9.27 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 8.10% and a net margin of 30.45%. The business’s revenue for the quarter was up 62.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. Equities analysts expect that Hannon Armstrong Sustainable Infrastructure Capital Inc. will post $1.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, October 5th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.20 annualized dividend and a dividend yield of 5.19%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 413.81%.

A number of analysts have recently commented on HASI shares. Wells Fargo & Co. restated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, July 13th. Zacks Investment Research cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 9th. Robert W. Baird reiterated a “buy” rating and issued a $24.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, June 7th. FBR & Co reiterated a “buy” rating and issued a $26.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, August 5th. Finally, Barclays PLC initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, September 8th. They issued an “overweight” rating and a $27.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Buy” and a consensus price target of $25.00.

In other news, CFO J Brendan Herron sold 15,590 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $23.55, for a total transaction of $367,144.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.20% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides debt and equity financing to the energy efficiency and renewable energy markets. The Company originates its transactions primarily through programmatic finance relationships with global energy service companies. It also originates transactions with renewable energy manufacturers, developers and operators, and other companies, which own and operate renewable energy projects, including various utility companies of the United States.

5 Day Chart for NYSE:HASI

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