Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Bought by Gradient Investments LLC

Gradient Investments LLC raised its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPCGet Rating) by 49.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,378 shares of the company’s stock after purchasing an additional 459 shares during the period. Gradient Investments LLC’s holdings in Brookfield Infrastructure were worth $59,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in Brookfield Infrastructure by 40.0% in the first quarter. Federated Hermes Inc. now owns 616 shares of the company’s stock valued at $46,000 after purchasing an additional 176 shares during the period. Sigma Planning Corp lifted its position in shares of Brookfield Infrastructure by 1.3% in the first quarter. Sigma Planning Corp now owns 13,721 shares of the company’s stock valued at $1,035,000 after acquiring an additional 181 shares in the last quarter. Karpas Strategies LLC lifted its position in shares of Brookfield Infrastructure by 1.1% in the first quarter. Karpas Strategies LLC now owns 27,998 shares of the company’s stock valued at $2,112,000 after acquiring an additional 300 shares in the last quarter. Jag Capital Management LLC lifted its position in shares of Brookfield Infrastructure by 1.7% in the first quarter. Jag Capital Management LLC now owns 19,104 shares of the company’s stock valued at $1,459,000 after acquiring an additional 321 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. lifted its position in shares of Brookfield Infrastructure by 9.2% in the first quarter. Williams Jones Wealth Management LLC. now owns 3,869 shares of the company’s stock valued at $292,000 after acquiring an additional 327 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised their target price on Brookfield Infrastructure from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $49.36 on Wednesday. Brookfield Infrastructure Co. has a 1-year low of $38.11 and a 1-year high of $53.64. The company has a market cap of $5.45 billion and a PE ratio of 34.28. The stock’s 50 day simple moving average is $46.75 and its 200-day simple moving average is $46.92.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, August 31st will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 30th. This represents a $1.44 dividend on an annualized basis and a yield of 2.92%. Brookfield Infrastructure’s payout ratio is 100.00%.

Brookfield Infrastructure Company Profile

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Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.

See Also

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Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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