Diversified Trust Co Raises Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Diversified Trust Co lifted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPCGet Rating) by 261.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,836 shares of the company’s stock after acquiring an additional 8,564 shares during the period. Diversified Trust Co’s holdings in Brookfield Infrastructure were worth $503,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Federated Hermes Inc. lifted its holdings in shares of Brookfield Infrastructure by 40.0% during the first quarter. Federated Hermes Inc. now owns 616 shares of the company’s stock worth $46,000 after purchasing an additional 176 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Brookfield Infrastructure by 31.6% during the second quarter. Financial Management Professionals Inc. now owns 1,237 shares of the company’s stock worth $53,000 after purchasing an additional 297 shares during the period. Gradient Investments LLC lifted its holdings in shares of Brookfield Infrastructure by 49.9% during the second quarter. Gradient Investments LLC now owns 1,378 shares of the company’s stock worth $59,000 after purchasing an additional 459 shares during the period. Sugarloaf Wealth Management LLC acquired a new stake in shares of Brookfield Infrastructure during the second quarter worth about $72,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Brookfield Infrastructure during the first quarter worth about $82,000.

Wall Street Analyst Weigh In

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

Brookfield Infrastructure Trading Down 1.4 %

Shares of NASDAQ:BIPC opened at $48.66 on Thursday. Brookfield Infrastructure Co. has a 12-month low of $38.46 and a 12-month high of $53.64. The company has a market capitalization of $5.38 billion and a PE ratio of 33.79. The business has a 50 day moving average of $46.87 and a two-hundred day moving average of $46.93.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, August 31st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Tuesday, August 30th. Brookfield Infrastructure’s payout ratio is presently 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.

Further Reading

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

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