Wed Sep 25 07:24:48 UTC 2024: ## State of New Jersey Pension Fund Reduces Stake in Hannon Armstrong Sustainable Infrastructure Capital

**NEW YORK, NY (MarketBeat News) -** The State of New Jersey Common Pension Fund D decreased its holding in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) by 48.9% in the second quarter, according to a recent SEC filing. The fund now owns 57,993 shares of the real estate investment trust, valued at $1,717,000.

This move comes amidst a mixed bag of activity from other institutional investors. While some, like Swedbank AB and Norges Bank, purchased new stakes in HASI, others, such as Vanguard Group Inc. and Bank of New York Mellon Corp, increased their holdings. Meanwhile, BNP PARIBAS ASSET MANAGEMENT Holding S.A. also boosted its stake in the company.

Overall, hedge funds and institutional investors own a significant 96.14% of Hannon Armstrong’s stock.

**Hannon Armstrong’s Stock Performance:**

* Shares of HASI opened at $34.75 on Wednesday.
* The company’s 52-week low is $13.22, while its 52-week high is $36.15.
* Hannon Armstrong’s market capitalization currently stands at $3.96 billion.

**Analyst Opinions:**

* B. Riley recently upgraded HASI to a “strong-buy” rating, while Goldman Sachs Group, Mizuho, Royal Bank of Canada, and Jefferies Financial Group have all issued positive ratings on the stock.
* Overall, analysts have given HASI an average rating of “Moderate Buy” and a consensus price target of $37.67.

**Dividend Announcement:**

* Hannon Armstrong has declared a quarterly dividend of $0.415, payable on October 18th to shareholders of record on October 4th. This translates to an annualized dividend of $1.66 and a yield of 4.78%.

**Hannon Armstrong Sustainable Infrastructure Capital** is a company focused on investing in energy efficiency, renewable energy, and sustainable infrastructure projects across the United States.

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