Sargent Bickham Lagudis LLC Raises Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sargent Bickham Lagudis LLC increased its position in Brookfield Infrastructure Co. (NASDAQ:BIPCGet Rating) by 49.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 713 shares of the company’s stock after purchasing an additional 237 shares during the period. Sargent Bickham Lagudis LLC’s holdings in Brookfield Infrastructure were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in Brookfield Infrastructure by 54.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,502 shares of the company’s stock worth $1,338,000 after purchasing an additional 11,160 shares during the period. Diversified Trust Co grew its stake in shares of Brookfield Infrastructure by 261.7% in the second quarter. Diversified Trust Co now owns 11,836 shares of the company’s stock worth $503,000 after acquiring an additional 8,564 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of Brookfield Infrastructure by 31.6% in the second quarter. Financial Management Professionals Inc. now owns 1,237 shares of the company’s stock worth $53,000 after acquiring an additional 297 shares during the last quarter. Sugarloaf Wealth Management LLC purchased a new stake in shares of Brookfield Infrastructure in the second quarter worth $72,000. Finally, Carmel Capital Partners LLC grew its stake in shares of Brookfield Infrastructure by 75.7% in the second quarter. Carmel Capital Partners LLC now owns 24,244 shares of the company’s stock worth $1,030,000 after acquiring an additional 10,443 shares during the last quarter.

Brookfield Infrastructure Trading Down 1.3 %

NASDAQ BIPC opened at $48.03 on Friday. Brookfield Infrastructure Co. has a 12 month low of $38.46 and a 12 month high of $53.64. The stock has a market cap of $5.31 billion and a P/E ratio of 33.35. The stock’s fifty day moving average price is $47.00 and its 200-day moving average price is $46.93.

Brookfield Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.00%. Brookfield Infrastructure’s dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

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

About Brookfield Infrastructure

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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.

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

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