Schwab Charles Investment Management Inc. boosted its holdings in InfraREIT, Inc. (NYSE:HIFR) by 31.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,900 shares of the real estate investment trust’s stock after buying an additional 43,578 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.42% of InfraREIT worth $3,484,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in InfraREIT by 1,010.6% in the second quarter. Sei Investments Co. now owns 22,878 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 20,818 shares in the last quarter. Bessemer Group Inc. boosted its stake in InfraREIT by 3.6% in the second quarter. Bessemer Group Inc. now owns 75,200 shares of the real estate investment trust’s stock valued at $1,440,000 after buying an additional 2,600 shares in the last quarter. Acadian Asset Management LLC boosted its stake in InfraREIT by 310.3% in the second quarter. Acadian Asset Management LLC now owns 19,643 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 14,856 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in InfraREIT by 13.8% in the second quarter. Russell Investments Group Ltd. now owns 60,228 shares of the real estate investment trust’s stock valued at $1,153,000 after buying an additional 7,311 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in InfraREIT by 17.0% in the second quarter. Aperio Group LLC now owns 27,202 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 3,961 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of InfraREIT, Inc. (HIFR) opened at 22.89 on Thursday. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 19.25 and a beta of 0.49. InfraREIT, Inc. has a 52 week low of $14.59 and a 52 week high of $23.15. The stock’s 50 day moving average price is $22.48 and its 200-day moving average price is $20.46.

InfraREIT (NYSE:HIFR) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). InfraREIT had a return on equity of 6.28% and a net margin of 28.31%. The firm had revenue of $40.42 million during the quarter. Equities analysts predict that InfraREIT, Inc. will post $1.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, September 28th. InfraREIT’s payout ratio is currently 83.33%.

HIFR has been the topic of several research analyst reports. BidaskClub lowered InfraREIT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Zacks Investment Research raised InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $22.00 price objective on shares of InfraREIT in a research note on Wednesday, August 9th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of InfraREIT in a research note on Saturday, September 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.67.

In other news, major shareholder Insurance & Annuity A. Teachers sold 134,964 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $22.76, for a total value of $3,071,780.64. Following the completion of the transaction, the insider now directly owns 5,053,607 shares in the company, valued at approximately $115,020,095.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Insurance & Annuity A. Teachers sold 108,514 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $22.54, for a total value of $2,445,905.56. Following the completion of the transaction, the insider now owns 4,945,093 shares of the company’s stock, valued at $111,462,396.22. The disclosure for this sale can be found here. Insiders sold a total of 1,099,847 shares of company stock valued at $24,263,153 over the last quarter. Company insiders own 28.00% of the company’s stock.

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InfraREIT Company Profile

InfraREIT, Inc is a real estate investment trust. The Company is engaged in owning and leasing rate-regulated transmission and distribution (T&D) assets in Texas. It leases its T&D assets to Sharyland Utilities, L.P. Its assets are located in the Texas Panhandle near Amarillo, the Permian Basin in and around Stanton, Central Texas around Brady, Northeast Texas in and around Celeste and South Texas near McAllen.

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Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

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