Cetera Investment Advisers Grows Stake in Brookfield Infrastructure Co. $BIPC

Cetera Investment Advisers grew its holdings in Brookfield Infrastructure Co. (NYSE:BIPC) by 6.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,049 shares of the company’s stock after buying an additional 781 shares during the quarter. Cetera Investment Advisers’ holdings in Brookfield Infrastructure were worth $435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BIPC. Sterling Capital Management LLC lifted its stake in shares of Brookfield Infrastructure by 837.0% in the 4th quarter. Sterling Capital Management LLC now owns 3,851 shares of the company’s stock valued at $154,000 after purchasing an additional 3,440 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Brookfield Infrastructure by 5.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company’s stock valued at $1,531,000 after purchasing an additional 1,906 shares during the period. Townsquare Capital LLC lifted its stake in shares of Brookfield Infrastructure by 20.4% in the 4th quarter. Townsquare Capital LLC now owns 11,053 shares of the company’s stock valued at $442,000 after purchasing an additional 1,870 shares during the period. Barclays PLC lifted its stake in shares of Brookfield Infrastructure by 8.3% in the 4th quarter. Barclays PLC now owns 215,089 shares of the company’s stock valued at $8,605,000 after purchasing an additional 16,518 shares during the period. Finally, Mariner LLC lifted its stake in shares of Brookfield Infrastructure by 1.4% in the 4th quarter. Mariner LLC now owns 26,031 shares of the company’s stock valued at $1,041,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 0.5%

BIPC opened at $38.73 on Monday. The stock has a market cap of $4.61 billion, a PE ratio of 26.90 and a beta of 1.39. The business has a 50 day moving average of $41.00 and a 200-day moving average of $39.13. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29.

Brookfield Infrastructure Announces Dividend

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 4.4%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 119.44%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Brookfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday.

Brookfield Infrastructure Profile

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.