California Public Employees Retirement System maintained its stake in InfraREIT, Inc. (NYSE:HIFR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,100 shares of the real estate investment trust’s stock at the close of the 2nd quarter. California Public Employees Retirement System’s holdings in InfraREIT were worth $327,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of InfraREIT in the 2nd quarter valued at about $206,000. Advisors Asset Management Inc. raised its stake in shares of InfraREIT by 35.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 15,574 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 4,077 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of InfraREIT by 310.3% in the 2nd quarter. Acadian Asset Management LLC now owns 19,643 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 14,856 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in InfraREIT by 77,669.0% during the second quarter. PNC Financial Services Group Inc. now owns 22,553 shares of the real estate investment trust’s stock worth $433,000 after acquiring an additional 22,524 shares during the period. Finally, Sei Investments Co. raised its stake in InfraREIT by 1,010.6% during the second quarter. Sei Investments Co. now owns 22,878 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 20,818 shares during the period. Institutional investors and hedge funds own 87.68% of the company’s stock.

In related news, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $22.43, for a total transaction of $1,796,373.84. Following the sale, the insider now owns 4,298,306 shares in the company, valued at $96,411,003.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 28.00% of the stock is owned by corporate insiders.

Shares of InfraREIT, Inc. (NYSE:HIFR) opened at $21.22 on Monday. InfraREIT, Inc. has a 12 month low of $16.00 and a 12 month high of $23.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.90.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of InfraREIT from a “hold” rating to a “strong sell” rating in a research note on Monday, November 13th. BidaskClub lowered shares of InfraREIT from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 11th. Evercore ISI reiterated an “outperform” rating and set a $24.00 price objective on shares of InfraREIT in a research note on Saturday, September 30th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $22.00 price objective on shares of InfraREIT in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.67.

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InfraREIT 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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