Barnett & Company Inc. Acquires 15,050 Shares of Brookfield Infrastructure Co. $BIPC

Barnett & Company Inc. increased its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 54.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,550 shares of the company’s stock after acquiring an additional 15,050 shares during the quarter. Brookfield Infrastructure comprises about 1.4% of Barnett & Company Inc.’s investment portfolio, making the stock its 26th largest holding. Barnett & Company Inc.’s holdings in Brookfield Infrastructure were worth $1,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. City Holding Co. acquired a new position in shares of Brookfield Infrastructure during the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its stake 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 valued at $26,000 after buying an additional 548 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Brookfield Infrastructure by 374.9% in the third quarter. Smartleaf Asset Management LLC now owns 812 shares of the company’s stock valued at $34,000 after buying an additional 641 shares during the period. Parvin Asset Management LLC acquired a new stake in Brookfield Infrastructure during the second quarter worth approximately $36,000. Finally, Citizens National Bank Trust Department bought a new position in Brookfield Infrastructure during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analysts Set New Price Targets

BIPC has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Monday, December 29th. Wall Street Zen upgraded Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Morgan Stanley set a $57.00 price objective on shares of Brookfield Infrastructure in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $57.00.

Brookfield Infrastructure Stock Performance

Shares of BIPC opened at $47.77 on Friday. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $51.72. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 30.85 and a beta of 1.36. The business’s fifty day moving average is $46.59 and its 200-day moving average is $44.26.

Brookfield Infrastructure Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 384.0%.

Brookfield Infrastructure Company Profile

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.