California Public Employees Retirement System lessened its stake in shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) by 50.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,038 shares of the asset manager’s stock after selling 7,192 shares during the period. California Public Employees Retirement System’s holdings in Corenergy Infrastructure Trust were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its holdings in Corenergy Infrastructure Trust by 18.5% during the second quarter. First Trust Advisors LP now owns 13,513 shares of the asset manager’s stock worth $508,000 after acquiring an additional 2,111 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Corenergy Infrastructure Trust by 9.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 25,277 shares of the asset manager’s stock worth $951,000 after acquiring an additional 2,200 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Corenergy Infrastructure Trust by 38.8% during the second quarter. Commonwealth Equity Services LLC now owns 9,840 shares of the asset manager’s stock worth $370,000 after acquiring an additional 2,751 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Corenergy Infrastructure Trust during the first quarter worth about $109,000. Finally, D.A. Davidson & CO. raised its holdings in Corenergy Infrastructure Trust by 3.3% during the second quarter. D.A. Davidson & CO. now owns 97,153 shares of the asset manager’s stock worth $3,653,000 after acquiring an additional 3,076 shares in the last quarter. Institutional investors and hedge funds own 63.78% of the company’s stock.

In other Corenergy Infrastructure Trust news, CEO David J. Schulte purchased 1,000 shares of the stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $36.33 per share, with a total value of $36,330.00. Following the completion of the transaction, the chief executive officer now directly owns 23,059 shares in the company, valued at $837,733.47. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Shares of NYSE CORR opened at $35.38 on Thursday. The company has a market cap of $427.19 million, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.75 and a current ratio of 4.75. Corenergy Infrastructure Trust Inc has a twelve month low of $34.22 and a twelve month high of $39.46.

Corenergy Infrastructure Trust (NYSE:CORR) last announced its quarterly earnings results on Wednesday, October 31st. The asset manager reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.53). The business had revenue of $22.64 million for the quarter, compared to analyst estimates of $22.20 million. Corenergy Infrastructure Trust had a return on equity of 9.22% and a net margin of 33.78%. On average, analysts anticipate that Corenergy Infrastructure Trust Inc will post 3.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 8.48%. The ex-dividend date is Wednesday, November 14th. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 78.74%.

Separately, Zacks Investment Research upgraded Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th.

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Corenergy Infrastructure Trust Company Profile

CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns essential energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases.

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

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