Corenergy Infrastructure Trust Inc (CORR) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,537 shares of the asset manager’s stock after buying an additional 3,410 shares during the quarter. First Trust Advisors LP owned approximately 0.18% of Corenergy Infrastructure Trust worth $712,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Corenergy Infrastructure Trust by 5.8% during the 3rd quarter. Renaissance Technologies LLC now owns 918,400 shares of the asset manager’s stock worth $34,513,000 after buying an additional 50,500 shares during the period. Vanguard Group Inc raised its stake in shares of Corenergy Infrastructure Trust by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 652,076 shares of the asset manager’s stock worth $24,505,000 after buying an additional 9,380 shares during the period. Vanguard Group Inc. raised its stake in shares of Corenergy Infrastructure Trust by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 652,076 shares of the asset manager’s stock worth $24,505,000 after buying an additional 9,380 shares during the period. Morgan Stanley raised its stake in shares of Corenergy Infrastructure Trust by 2.9% during the 3rd quarter. Morgan Stanley now owns 494,694 shares of the asset manager’s stock worth $18,591,000 after buying an additional 13,945 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Corenergy Infrastructure Trust by 0.6% during the 4th quarter. Prudential Financial Inc. now owns 215,600 shares of the asset manager’s stock worth $7,132,000 after buying an additional 1,219 shares during the period. 63.74% of the stock is owned by institutional investors and hedge funds.

Shares of CORR traded down $0.09 during trading hours on Friday, hitting $37.51. 47,583 shares of the stock were exchanged, compared to its average volume of 54,719. The company has a debt-to-equity ratio of 0.46, a quick ratio of 16.20 and a current ratio of 16.20. Corenergy Infrastructure Trust Inc has a 12-month low of $32.52 and a 12-month high of $39.46. The stock has a market capitalization of $480.43 million, a price-to-earnings ratio of 10.14, a PEG ratio of 2.01 and a beta of 1.63.

Several analysts recently commented on the company. DA Davidson dropped their price target on 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. Zacks Investment Research upgraded Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st.

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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 critical 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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