Cerity Partners LLC Makes New Investment in Brookfield Infrastructure Co. (NYSE:BIPC)

Cerity Partners LLC bought a new position in Brookfield Infrastructure Co. (NYSE:BIPC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,725 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Brookfield Infrastructure by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock worth $228,128,000 after purchasing an additional 187,719 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Brookfield Infrastructure by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company’s stock valued at $115,624,000 after buying an additional 85,121 shares during the period. Brown Advisory Inc. purchased a new stake in shares of Brookfield Infrastructure during the 1st quarter valued at approximately $107,741,000. Geode Capital Management LLC raised its position in shares of Brookfield Infrastructure by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,617,912 shares of the company’s stock valued at $66,380,000 after buying an additional 82,393 shares during the period. Finally, Norges Bank purchased a new stake in shares of Brookfield Infrastructure during the 4th quarter valued at approximately $60,137,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research report on Sunday, July 6th.

Brookfield Infrastructure Stock Performance

BIPC stock opened at $41.76 on Monday. The firm has a market cap of $4.97 billion, a PE ratio of 29.00 and a beta of 1.37. The firm’s 50 day moving average price is $40.99 and its 200-day moving average price is $39.20. Brookfield Infrastructure Co. has a one year low of $32.08 and a one year high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Friday, May 30th. Brookfield Infrastructure’s payout ratio is presently 119.44%.

About Brookfield Infrastructure

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.