Copeland Capital Management LLC Has $59.50 Million Stock Position in Brookfield Infrastructure Co. $BIPC

Copeland Capital Management LLC cut its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 22.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,447,050 shares of the company’s stock after selling 422,301 shares during the period. Brookfield Infrastructure makes up 1.2% of Copeland Capital Management LLC’s holdings, making the stock its 29th biggest holding. Copeland Capital Management LLC owned 1.22% of Brookfield Infrastructure worth $59,503,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased 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 worth $26,000 after purchasing an additional 548 shares in the last quarter. Farther Finance Advisors LLC boosted its position 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 valued at $31,000 after buying an additional 693 shares during the last quarter. Parvin Asset Management LLC bought a new stake in Brookfield Infrastructure during the second quarter worth $36,000. Northwestern Mutual Wealth Management Co. raised its position in Brookfield Infrastructure by 117.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,064 shares of the company’s stock valued at $39,000 after buying an additional 574 shares during the last quarter. Finally, MAI Capital Management raised its position in Brookfield Infrastructure by 273.9% in the 1st quarter. MAI Capital Management now owns 1,133 shares of the company’s stock valued at $41,000 after buying an additional 830 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BIPC. Morgan Stanley set a $53.00 target price on shares of Brookfield Infrastructure and gave the stock an “equal weight” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Monday, December 22nd. Finally, Wall Street Zen raised shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $53.00.

Brookfield Infrastructure Stock Performance

NYSE BIPC opened at $46.09 on Tuesday. The company has a market capitalization of $5.49 billion, a PE ratio of 30.85 and a beta of 1.38. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $47.71. The company has a 50-day simple moving average of $45.50 and a 200 day simple moving average of $42.75.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, November 28th. This represents a dividend yield of 384.0%.

About Brookfield Infrastructure

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.