International Assets Investment Management LLC Has $1.31 Million Stock Position in Brookfield Infrastructure Co. $BIPC

International Assets Investment Management LLC lifted its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,514 shares of the company’s stock after acquiring an additional 729 shares during the quarter. International Assets Investment Management LLC’s holdings in Brookfield Infrastructure were worth $1,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $29,000. First PREMIER Bank acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its position 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 last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $34,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 1.6%

Shares of NYSE:BIPC opened at $45.16 on Monday. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $47.71. The stock has a market cap of $5.38 billion, a PE ratio of 31.36 and a beta of 1.45. The business has a 50 day moving average of $41.28 and a 200-day moving average of $39.96.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, August 29th. Brookfield Infrastructure’s payout ratio is currently 119.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BIPC shares. Wall Street Zen raised Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brookfield Infrastructure in a research report on Tuesday, October 14th. Finally, 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 report on Tuesday, August 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $46.00.

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.