Commonwealth Equity Services LLC lifted its position in shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,317 shares of the asset manager’s stock after purchasing an additional 1,664 shares during the period. Commonwealth Equity Services LLC owned about 0.11% of Corenergy Infrastructure Trust worth $440,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in Corenergy Infrastructure Trust by 5.8% in the third quarter. Renaissance Technologies LLC now owns 918,400 shares of the asset manager’s stock valued at $34,513,000 after acquiring an additional 50,500 shares during the last quarter. D.A. Davidson & CO. lifted its position in Corenergy Infrastructure Trust by 23.6% in the third quarter. D.A. Davidson & CO. now owns 120,114 shares of the asset manager’s stock valued at $4,514,000 after acquiring an additional 22,961 shares during the last quarter. Alliancebernstein L.P. lifted its position in Corenergy Infrastructure Trust by 39.8% in the third quarter. Alliancebernstein L.P. now owns 72,960 shares of the asset manager’s stock valued at $2,742,000 after acquiring an additional 20,770 shares during the last quarter. Summit Global Investments purchased a new stake in Corenergy Infrastructure Trust in the fourth quarter valued at $675,000. Finally, Shell Asset Management Co. purchased a new stake in Corenergy Infrastructure Trust in the third quarter valued at $670,000. 63.74% of the stock is owned by institutional investors and hedge funds.

In other Corenergy Infrastructure Trust news, insider Jeffrey E. Fulmer bought 800 shares of Corenergy Infrastructure Trust stock in a transaction dated Thursday, January 10th. The stock was acquired at an average cost of $34.69 per share, with a total value of $27,752.00. Following the completion of the acquisition, the insider now owns 4,865 shares of the company’s stock, valued at $168,766.85. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David J. Schulte bought 750 shares of Corenergy Infrastructure Trust stock in a transaction dated Friday, January 4th. The stock was acquired at an average cost of $33.64 per share, with a total value of $25,230.00. Following the completion of the acquisition, the chief executive officer now directly owns 23,759 shares of the company’s stock, valued at approximately $799,252.76. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Shares of NYSE:CORR opened at $36.80 on Thursday. Corenergy Infrastructure Trust Inc has a one year low of $32.52 and a one year high of $39.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 16.20 and a quick ratio of 16.20. The stock has a market capitalization of $470.04 million, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.97 and a beta of 1.63.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, February 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 8.15%. Corenergy Infrastructure Trust’s payout ratio is 81.08%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Corenergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. DA Davidson reduced their price target on shares of Corenergy Infrastructure Trust from $40.00 to $3.71 and set an “average” rating for the company in a research report on Thursday, December 27th. They noted that the move was a valuation call.

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Corenergy Infrastructure Trust 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.

Further Reading: How is net asset value different from market price?

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

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