Corenergy Infrastructure Trust Inc (CORR) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its stake in Corenergy Infrastructure Trust Inc (NYSE:CORR) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,381 shares of the asset manager’s stock after selling 3,194 shares during the period. Prudential Financial Inc.’s holdings in Corenergy Infrastructure Trust were worth $8,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in Corenergy Infrastructure Trust by 13.1% during the third quarter. Russell Investments Group Ltd. now owns 16,511 shares of the asset manager’s stock valued at $620,000 after buying an additional 1,911 shares in the last quarter. First Trust Advisors LP lifted its position 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 valued at $508,000 after buying an additional 2,111 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position 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 valued at $951,000 after buying an additional 2,200 shares in the last quarter. Commonwealth Equity Services LLC lifted its position 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 valued at $370,000 after buying an additional 2,751 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Corenergy Infrastructure Trust by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 121,529 shares of the asset manager’s stock valued at $4,569,000 after buying an additional 3,266 shares in the last quarter. 64.42% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO David J. Schulte bought 1,000 shares of Corenergy Infrastructure Trust stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average cost of $36.33 per share, with a total value of $36,330.00. Following the completion of the transaction, the chief executive officer now owns 23,059 shares in the company, valued at approximately $837,733.47. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.



Shares of CORR stock opened at $37.23 on Friday. The company has a market cap of $429.94 million, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.74. 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 fifty-two week low of $33.49 and a fifty-two week 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 net margin of 33.78% and a return on equity of 9.22%. As a group, equities research 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 was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $3.00 dividend on an annualized basis and a yield of 8.06%. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is 78.74%.

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

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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.

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

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