Strs Ohio Invests $1.25 Million in Brookfield Infrastructure Co. $BIPC

Strs Ohio purchased a new position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,600 shares of the company’s stock, valued at approximately $1,252,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Brookfield Infrastructure by 338.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock valued at $26,000 after acquiring an additional 548 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Brookfield Infrastructure during the 1st quarter valued at about $29,000. First PREMIER Bank purchased a new position in Brookfield Infrastructure during the 1st quarter valued at about $30,000. Trust Co. of Vermont purchased a new position in Brookfield Infrastructure during the 1st quarter valued at about $34,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Brookfield Infrastructure by 117.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,064 shares of the company’s stock valued at $39,000 after acquiring an additional 574 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on BIPC shares. Morgan Stanley raised their target price on Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Tuesday, August 26th. Wall Street Zen cut Brookfield Infrastructure from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Brookfield Infrastructure has a consensus rating of “Hold” and an average price target of $46.00.

Brookfield Infrastructure Stock Down 0.7%

BIPC opened at $40.38 on Thursday. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 28.04 and a beta of 1.38. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29. The business’s 50 day moving average is $40.30 and its two-hundred day moving average is $38.93.

Brookfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.3%. 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.