Public Employees Retirement System of Ohio Lowers Stock Holdings in Brookfield Infrastructure Co. $BIPC

Public Employees Retirement System of Ohio decreased its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 4.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,560 shares of the company’s stock after selling 1,679 shares during the period. Public Employees Retirement System of Ohio’s holdings in Brookfield Infrastructure were worth $1,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Brookfield Infrastructure by 2.7% in the first quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company’s stock worth $115,624,000 after purchasing an additional 85,121 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Brookfield Infrastructure during the 1st quarter valued at $107,741,000. Epoch Investment Partners Inc. grew its position in shares of Brookfield Infrastructure by 10.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,797,568 shares of the company’s stock valued at $65,054,000 after acquiring an additional 171,427 shares during the period. HighTower Advisors LLC grew its position in shares of Brookfield Infrastructure by 85.8% during the 1st quarter. HighTower Advisors LLC now owns 1,378,035 shares of the company’s stock valued at $49,871,000 after acquiring an additional 636,353 shares during the period. Finally, Scotia Capital Inc. boosted its holdings in Brookfield Infrastructure by 4.6% in the 1st quarter. Scotia Capital Inc. now owns 1,304,699 shares of the company’s stock worth $46,272,000 after buying an additional 57,692 shares during the period. 70.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BIPC has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Brookfield Infrastructure in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Morgan Stanley raised their price target on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Brookfield Infrastructure presently has a consensus rating of “Reduce” and an average target price of $46.00.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $43.10 on Friday. The company’s 50 day simple moving average is $40.21 and its 200-day simple moving average is $39.33. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 29.93 and a beta of 1.45. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Infrastructure’s payout ratio is 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.