Vanguard Personalized Indexing Management LLC Has $706,000 Position in Brookfield Infrastructure Co. $BIPC

Vanguard Personalized Indexing Management LLC lifted its position in Brookfield Infrastructure Co. (NYSE:BIPC) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,964 shares of the company’s stock after buying an additional 435 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Brookfield Infrastructure were worth $706,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in Brookfield Infrastructure by 338.3% in the 1st 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 last quarter. Farther Finance Advisors LLC raised its position in shares of Brookfield Infrastructure by 1,307.5% in the second quarter. Farther Finance Advisors LLC now owns 746 shares of the company’s stock valued at $31,000 after purchasing an additional 693 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brookfield Infrastructure in the first quarter worth $29,000. Trust Co. of Vermont bought a new stake in shares of Brookfield Infrastructure during the 1st quarter worth $34,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Brookfield Infrastructure by 117.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,064 shares of the company’s stock worth $39,000 after buying an additional 574 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock opened at $46.15 on Tuesday. The company has a market cap of $5.49 billion, a PE ratio of 32.05 and a beta of 1.45. The firm has a fifty day moving average price of $41.40 and a two-hundred day moving average price of $40.04. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $47.71.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, August 29th. Brookfield Infrastructure’s payout ratio is currently 119.44%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Morgan Stanley raised their price target on Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brookfield Infrastructure in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $46.00.

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.