Callan Family Office LLC Takes Position in Brookfield Infrastructure Co. $BIPC

Callan Family Office LLC purchased a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPCFree Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,780 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Brookfield Infrastructure by 8.9% in the first quarter. Envestnet Asset Management Inc. now owns 904,535 shares of the company’s stock worth $32,729,000 after buying an additional 73,659 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Brookfield Infrastructure by 42.5% in the first quarter. Intech Investment Management LLC now owns 65,225 shares of the company’s stock worth $2,360,000 after buying an additional 19,453 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 worth $31,000 after buying an additional 693 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Brookfield Infrastructure in the first quarter worth approximately $660,000. Finally, Cerity Partners LLC purchased a new position in shares of Brookfield Infrastructure in the first quarter worth approximately $280,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Ratings Changes

BIPC has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Brookfield Infrastructure in a report on Tuesday. Morgan Stanley raised their price objective on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $46.00.

View Our Latest Report on BIPC

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $46.98 on Thursday. The stock has a market cap of $5.59 billion, a P/E ratio of 32.63 and a beta of 1.45. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $47.16. The firm’s 50 day moving average price is $41.04 and its 200-day moving average price is $39.80.

Brookfield Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 29th. This represents a $1.72 annualized dividend and a dividend yield of 3.7%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 119.44%.

Brookfield Infrastructure Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Infrastructure (NYSE:BIPC)

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