Brookfield Infrastructure Co. $BIPC Shares Sold by Signaturefd LLC

Signaturefd LLC cut its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 8.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,705 shares of the company’s stock after selling 322 shares during the quarter. Signaturefd LLC’s holdings in Brookfield Infrastructure were worth $154,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BIPC. Geneos Wealth Management Inc. lifted its holdings in shares of Brookfield Infrastructure by 338.3% during the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock worth $26,000 after purchasing an additional 548 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brookfield Infrastructure during the first quarter worth $29,000. First PREMIER Bank acquired a new stake in shares of Brookfield Infrastructure during the first quarter worth $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Brookfield Infrastructure by 1,307.5% during the second quarter. Farther Finance Advisors LLC now owns 746 shares of the company’s stock worth $31,000 after purchasing an additional 693 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in shares of Brookfield Infrastructure during the first quarter worth $34,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BIPC shares. Morgan Stanley increased their price target on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Brookfield Infrastructure in a report on Saturday, September 27th. Finally, Wall Street Zen raised Brookfield Infrastructure from a “sell” rating to a “hold” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Brookfield Infrastructure currently has an average rating of “Reduce” and an average price target of $46.00.

Brookfield Infrastructure Trading Up 1.7%

Brookfield Infrastructure stock opened at $43.10 on Friday. The stock has a market cap of $5.13 billion, a PE ratio of 29.93 and a beta of 1.38. The stock has a 50-day moving average price of $40.21 and a 200 day moving average price of $39.31. 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 was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, August 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%.

Brookfield Infrastructure Company 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.