LSV Asset Management raised its stake in Corenergy Infrastructure Trust Inc (NYSE:CORR) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 628,540 shares of the asset manager’s stock after acquiring an additional 44,721 shares during the period. LSV Asset Management owned 0.05% of Corenergy Infrastructure Trust worth $24,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Legal & General Group Plc boosted its stake in Corenergy Infrastructure Trust by 0.9% in the second quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock valued at $108,000 after acquiring an additional 30 shares during the period. Stifel Financial Corp boosted its stake in Corenergy Infrastructure Trust by 0.9% in the second quarter. Stifel Financial Corp now owns 13,172 shares of the asset manager’s stock valued at $443,000 after acquiring an additional 118 shares during the period. Teachers Advisors LLC boosted its stake in Corenergy Infrastructure Trust by 0.9% in the second quarter. Teachers Advisors LLC now owns 21,841 shares of the asset manager’s stock valued at $734,000 after acquiring an additional 205 shares during the period. New York State Common Retirement Fund boosted its position in shares of Corenergy Infrastructure Trust by 0.3% during the second quarter. New York State Common Retirement Fund now owns 106,244 shares of the asset manager’s stock worth $3,569,000 after buying an additional 276 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Corenergy Infrastructure Trust by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 9,912 shares of the asset manager’s stock worth $333,000 after buying an additional 524 shares during the period. Institutional investors own 62.19% of the company’s stock.

In other Corenergy Infrastructure Trust news, CEO David J. Schulte acquired 690 shares of Corenergy Infrastructure Trust stock in a transaction dated Tuesday, January 9th. The stock was acquired at an average cost of $37.27 per share, for a total transaction of $25,716.30. Following the completion of the transaction, the chief executive officer now owns 21,610 shares in the company, valued at approximately $805,404.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 1,565 shares of company stock valued at $58,117. Insiders own 0.99% of the company’s stock.

Several equities analysts have recently issued reports on CORR shares. Zacks Investment Research downgraded Corenergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. BidaskClub downgraded Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, ValuEngine downgraded Corenergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.25.

Corenergy Infrastructure Trust Inc (NYSE CORR) opened at $35.98 on Thursday. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $427.30, a P/E ratio of 9.37, a PEG ratio of 2.84 and a beta of 2.00. Corenergy Infrastructure Trust Inc has a 52-week low of $31.45 and a 52-week high of $39.42.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, February 13th. This represents a $3.00 annualized dividend and a dividend yield of 8.34%. Corenergy Infrastructure Trust’s dividend payout ratio is presently 130.44%.

TRADEMARK VIOLATION NOTICE: This article was first posted by Daily Political and is the property of of Daily Political. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.dailypolitical.com/2018/02/08/lsv-asset-management-raises-holdings-in-corenergy-infrastructure-trust-inc-corr.html.

Corenergy Infrastructure Trust Profile

CorEnergy Infrastructure Trust, Inc (CorEnergy) is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets.

Want to see what other hedge funds are holding CORR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corenergy Infrastructure Trust Inc (NYSE:CORR).

Institutional Ownership by Quarter for Corenergy Infrastructure Trust (NYSE:CORR)

Receive News & Ratings for Corenergy Infrastructure Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corenergy Infrastructure Trust and related companies with MarketBeat.com's FREE daily email newsletter.