Concurrent Investment Advisors LLC Grows Position in Brookfield Infrastructure Co. $BIPC

Concurrent Investment Advisors LLC raised its position in shares of Brookfield Infrastructure Co. (NYSE:BIPCFree Report) by 28.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,420 shares of the company’s stock after buying an additional 5,413 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Brookfield Infrastructure were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BIPC. Geneos Wealth Management Inc. grew 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 valued at $26,000 after buying an additional 548 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Brookfield Infrastructure during the 1st quarter valued at approximately $29,000. First PREMIER Bank purchased a new position in Brookfield Infrastructure during the 1st quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its holdings in Brookfield Infrastructure by 1,307.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 746 shares of the company’s stock valued at $31,000 after buying an additional 693 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new position in Brookfield Infrastructure during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 2.5%

BIPC opened at $46.98 on Thursday. The business has a fifty day moving average of $41.04 and a 200 day moving average of $39.80. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $47.16. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors 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 dividend on an annualized basis and a yield of 3.7%. Brookfield Infrastructure’s payout ratio is presently 119.44%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on Brookfield Infrastructure

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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