Brookfield Infrastructure Co. $BIPC Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 72.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,200 shares of the company’s stock after selling 24,500 shares during the period. Strs Ohio’s holdings in Brookfield Infrastructure were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tranquility Partners LLC boosted its holdings in Brookfield Infrastructure by 2.4% in the second quarter. Tranquility Partners LLC now owns 12,490 shares of the company’s stock valued at $520,000 after purchasing an additional 290 shares during the last quarter. Baskin Financial Services Inc. lifted its stake in Brookfield Infrastructure by 0.9% in the third quarter. Baskin Financial Services Inc. now owns 35,495 shares of the company’s stock valued at $1,457,000 after buying an additional 328 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Brookfield Infrastructure by 1.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 36,773 shares of the company’s stock valued at $1,530,000 after purchasing an additional 350 shares during the period. Marks Group Wealth Management Inc grew its holdings in Brookfield Infrastructure by 3.5% in the 2nd quarter. Marks Group Wealth Management Inc now owns 10,357 shares of the company’s stock worth $431,000 after buying an additional 353 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Brookfield Infrastructure by 1.9% in the second quarter. PNC Financial Services Group Inc. now owns 21,926 shares of the company’s stock worth $912,000 after purchasing an additional 405 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BIPC shares. Morgan Stanley set a $57.00 price target on Brookfield Infrastructure in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $57.00.

Brookfield Infrastructure Stock Down 1.9%

Shares of NYSE:BIPC opened at $47.85 on Friday. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $49.10. The company’s 50 day moving average price is $45.61 and its two-hundred day moving average price is $43.38. The firm has a market cap of $5.74 billion, a PE ratio of 30.85 and a beta of 1.37.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were paid a $0.43 dividend. This represents a dividend yield of 384.0%. The ex-dividend date of this dividend was Friday, November 28th.

Brookfield Infrastructure Profile

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.