Zurcher Kantonalbank Zurich Cantonalbank Has $658,000 Stock Holdings in Brookfield Infrastructure Co. (NYSE:BIPC)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,225 shares of the company’s stock after selling 3,540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brookfield Infrastructure were worth $658,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Tranquility Partners LLC lifted its holdings in shares of Brookfield Infrastructure by 3.0% during the 1st quarter. Tranquility Partners LLC now owns 12,200 shares of the company’s stock worth $442,000 after acquiring an additional 352 shares during the period. Mariner LLC lifted its holdings in shares of Brookfield Infrastructure by 1.4% during the 4th quarter. Mariner LLC now owns 26,031 shares of the company’s stock worth $1,041,000 after acquiring an additional 370 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Brookfield Infrastructure by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,555 shares of the company’s stock worth $502,000 after acquiring an additional 398 shares during the period. BankPlus Wealth Management LLC lifted its holdings in shares of Brookfield Infrastructure by 5.0% during the 1st quarter. BankPlus Wealth Management LLC now owns 10,436 shares of the company’s stock worth $378,000 after acquiring an additional 495 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Brookfield Infrastructure by 15.0% during the 4th quarter. Covestor Ltd now owns 3,917 shares of the company’s stock worth $157,000 after acquiring an additional 512 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brookfield Infrastructure Price Performance

BIPC stock opened at $39.56 on Thursday. The company has a 50 day simple moving average of $41.09 and a 200 day simple moving average of $39.24. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 27.47 and a beta of 1.39. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, August 29th. Brookfield Infrastructure’s dividend payout ratio is currently 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.