International Assets Investment Management LLC Buys 729 Shares of Brookfield Infrastructure Co. $BIPC

International Assets Investment Management LLC lifted its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 2.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 31,514 shares of the company’s stock after purchasing an additional 729 shares during the quarter. International Assets Investment Management LLC’s holdings in Brookfield Infrastructure were worth $1,311,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. 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. Caitong International Asset Management Co. Ltd bought a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $29,000. First PREMIER Bank bought a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $30,000. Farther Finance Advisors LLC boosted its stake 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 buying an additional 693 shares during the period. Finally, Trust Co. of Vermont acquired a new position in Brookfield Infrastructure during the first quarter valued at approximately $34,000. 70.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BIPC. Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Infrastructure in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Morgan Stanley boosted their price objective on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 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 stock presently has an average rating of “Reduce” and a consensus target price of $46.00.

Brookfield Infrastructure Stock Performance

Shares of NYSE:BIPC opened at $45.16 on Monday. The company has a fifty day moving average of $41.28 and a 200-day moving average of $39.96. The company has a market capitalization of $5.38 billion, a PE ratio of 31.36 and a beta of 1.45. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $47.71.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were issued 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 3.8%. Brookfield Infrastructure’s dividend payout ratio is 119.44%.

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.