5,155 Shares in Brookfield Infrastructure Co. $BIPC Purchased by Blair William & Co. IL

Blair William & Co. IL acquired a new position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,155 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position in shares of Brookfield Infrastructure by 338.3% in 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 in the last quarter. Farther Finance Advisors LLC increased its stake in Brookfield Infrastructure by 1,307.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 746 shares of the company’s stock valued at $31,000 after buying an additional 693 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Brookfield Infrastructure in the 1st quarter worth approximately $29,000. First PREMIER Bank acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter valued at $30,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 1.6%

Shares of NYSE:BIPC opened at $45.16 on Friday. The stock has a market capitalization of $5.38 billion, a PE ratio of 31.36 and a beta of 1.45. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $47.71. The firm has a fifty day moving average price of $41.28 and a 200 day moving average price of $39.94.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.8%. Brookfield Infrastructure’s dividend payout ratio is currently 119.44%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BIPC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brookfield Infrastructure in a research note on Tuesday, October 14th. Wall Street Zen upgraded 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 Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $46.00.

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.