Tranquility Partners LLC Has $520,000 Holdings in Brookfield Infrastructure Co. $BIPC

Tranquility Partners LLC lifted its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,490 shares of the company’s stock after purchasing an additional 290 shares during the quarter. Tranquility Partners LLC’s holdings in Brookfield Infrastructure were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of 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. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter worth approximately $29,000. First PREMIER Bank acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter worth approximately $30,000. Farther Finance Advisors LLC grew its holdings in shares of Brookfield Infrastructure by 1,307.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 746 shares of the company’s stock worth $31,000 after purchasing an additional 693 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $45.22 on Friday. The business has a 50 day simple moving average of $40.63 and a 200 day simple moving average of $39.62. Brookfield Infrastructure Co. has a one year low of $32.08 and a one year high of $45.42. The company has a market capitalization of $5.38 billion, a PE ratio of 31.40 and a beta of 1.45.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a $0.43 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 3.8%. Brookfield Infrastructure’s payout ratio is presently 119.44%.

Analysts Set New Price Targets

Several analysts have recently weighed in on BIPC shares. Morgan Stanley lifted their price objective on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Weiss Ratings restated a “sell (d)” rating on shares of Brookfield Infrastructure in a research report on Saturday, September 27th. Finally, Wall Street Zen upgraded Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Infrastructure has an average rating of “Reduce” and a consensus price target of $46.00.

About Brookfield Infrastructure

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.