NBW Capital Increases Stake in HA Sustainable Infrastructure Capital

NBW Capital LLC has expanded its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 10.7% during the second quarter of 2023, according to a recent filing with the Securities and Exchange Commission (SEC). The firm now owns 202,025 shares of the real estate investment trust (REIT) following the acquisition of an additional 19,573 shares in the period, which amounts to approximately $5.4 million as of the quarter’s end.

Other institutional investors have also increased their stakes in HA Sustainable Infrastructure Capital. Notably, Quantbot Technologies LP raised its position by an impressive 281.3%, now holding 89,558 shares valued at around $2.4 million. Similarly, Schroder Investment Management Group boosted its holdings by 11.2%, bringing its total to 677,384 shares, worth approximately $18.2 million. Additionally, Norges Bank made a significant entry into the firm with a new position valued at $27.98 million.

Analysts’ Ratings and Market Performance

The stock has attracted positive attention from analysts, with several firms adjusting their price targets. Jefferies Financial Group raised its target from $35.00 to $39.00, maintaining a “buy” rating. Morgan Stanley also increased its target from $40.00 to $44.00 while designating the stock as “overweight.” Other analysts, including those from JPMorgan Chase & Co., have similarly expressed confidence in HA Sustainable Infrastructure Capital, raising their price target to $45.00.

As of the latest evaluations, the company holds an average rating of “Moderate Buy” from eight research analysts, with a consensus price target of $38.78. As of Tuesday, HA Sustainable Infrastructure Capital’s shares opened at $34.05, with a 52-week range between $21.98 and $34.53.

Financial metrics indicate a strong performance, with a current ratio of 10.81 and a debt-to-equity ratio of 1.82. The market capitalization stands at $4.31 billion, with a price-to-earnings (P/E) ratio of 21.97 and a price-to-earnings-growth (PEG) ratio of 1.05.

Quarterly Earnings and Dividend Announcement

On November 6, 2023, HA Sustainable Infrastructure Capital reported earnings that surpass analysts’ expectations. The company recorded earnings per share (EPS) of $0.80, exceeding the consensus estimate of $0.69 by $0.11. The firm also reported a net margin of 56.17% and a return on equity of 10.85%, with quarterly revenues totaling $37.39 million against analyst projections of $27.97 million.

Looking ahead, HA Sustainable Infrastructure Capital has set its fiscal year 2027 guidance at $3.15 EPS. Analysts anticipate a projected EPS of $2.45 for the current fiscal year.

In addition, the company has announced a quarterly dividend of $0.42, payable on January 9, 2024, to stockholders of record as of December 29, 2023. This dividend represents an annualized payout of $1.68 and a yield of 4.9%. The ex-dividend date is also set for December 29, 2023, with a dividend payout ratio of 72.10%.

HA Sustainable Infrastructure Capital, Inc. specializes in investments related to energy efficiency, renewable energy, and sustainable infrastructure within the United States. Its portfolio includes a variety of assets, such as equity investments, commercial and government receivables, real estate, and debt securities.

For those looking to track further developments, detailed information about HA Sustainable Infrastructure Capital’s activities can be found on various financial platforms and news outlets.