Whittier Trust Co. of Nevada Inc. Invests $129,000 in Brookfield Infrastructure Co. (NYSE:BIPC)

Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,576 shares of the company’s stock, valued at approximately $129,000.

Other institutional investors also recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new position in shares of Brookfield Infrastructure during the 1st quarter worth about $30,000. Trust Co. of Vermont bought a new position in Brookfield Infrastructure in the first quarter valued at approximately $34,000. First Horizon Advisors Inc. lifted its holdings in shares of Brookfield Infrastructure by 104.1% during the first quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company’s stock worth $43,000 after purchasing an additional 611 shares during the period. Transce3nd LLC acquired a new position in shares of Brookfield Infrastructure during the fourth quarter worth $46,000. Finally, Fifth Third Bancorp lifted its holdings in Brookfield Infrastructure by 79.1% in the first quarter. Fifth Third Bancorp now owns 1,501 shares of the company’s stock valued at $54,000 after buying an additional 663 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Down 1.3%

Shares of Brookfield Infrastructure stock opened at $41.79 on Friday. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $45.29. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 29.02 and a beta of 1.37. The firm’s 50 day simple moving average is $40.68 and its two-hundred day simple moving average is $39.15.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.12%. Brookfield Infrastructure’s payout ratio is 119.44%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Sunday, July 6th.

Brookfield Infrastructure 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.