Brookfield Infrastructure Co. $BIPC Shares Bought by BankPlus Trust Department

BankPlus Trust Department grew its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,976 shares of the company’s stock after purchasing an additional 5,233 shares during the period. BankPlus Trust Department’s holdings in Brookfield Infrastructure were worth $1,580,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BIPC. Millennium Management LLC purchased a new stake in shares of Brookfield Infrastructure during the fourth quarter worth $396,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Brookfield Infrastructure by 23.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,765 shares of the company’s stock worth $831,000 after acquiring an additional 3,933 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Brookfield Infrastructure during the first quarter worth $660,000. NBC Securities Inc. increased its position in shares of Brookfield Infrastructure by 113,633.3% during the first quarter. NBC Securities Inc. now owns 3,412 shares of the company’s stock worth $123,000 after acquiring an additional 3,409 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Brookfield Infrastructure during the first quarter worth $1,770,000. 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 recent research reports. Morgan Stanley upped their price objective on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Brookfield Infrastructure in a report on Saturday, September 27th. Finally, Wall Street Zen raised 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $46.00.

Brookfield Infrastructure Stock Performance

Shares of BIPC stock opened at $44.45 on Wednesday. The stock’s 50-day moving average is $40.32 and its two-hundred day moving average is $39.45. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 30.87 and a beta of 1.45. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.72 annualized dividend and a dividend yield of 3.9%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 119.44%.

About Brookfield Infrastructure

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.