Turn8 Private Wealth Inc. Has $2.51 Million Stock Position in Brookfield Infrastructure Co. $BIPC

Turn8 Private Wealth Inc. raised its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 45.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,489 shares of the company’s stock after acquiring an additional 21,554 shares during the quarter. Turn8 Private Wealth Inc. owned about 0.06% of Brookfield Infrastructure worth $2,511,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Brown Advisory Inc. acquired a new position in Brookfield Infrastructure in the 1st quarter valued at $107,741,000. Nuveen LLC bought a new stake in shares of Brookfield Infrastructure in the first quarter valued at about $29,968,000. HighTower Advisors LLC boosted its position in shares of Brookfield Infrastructure by 85.8% in the first quarter. HighTower Advisors LLC now owns 1,378,035 shares of the company’s stock valued at $49,871,000 after acquiring an additional 636,353 shares during the period. SCS Capital Management LLC acquired a new position in shares of Brookfield Infrastructure in the first quarter valued at about $9,618,000. Finally, Epoch Investment Partners Inc. increased its position in Brookfield Infrastructure by 10.5% during the first quarter. Epoch Investment Partners Inc. now owns 1,797,568 shares of the company’s stock worth $65,054,000 after acquiring an additional 171,427 shares during the period. Institutional investors own 70.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BIPC shares. Morgan Stanley boosted their price objective on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Sunday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.00.

Brookfield Infrastructure Trading Up 0.1%

Shares of NYSE:BIPC opened at $40.17 on Thursday. The firm has a 50 day moving average of $40.48 and a 200-day moving average of $38.94. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $45.29. The stock has a market capitalization of $4.78 billion, a PE ratio of 27.90 and a beta of 1.38.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, August 29th. Brookfield Infrastructure’s payout ratio is currently 119.44%.

Brookfield Infrastructure Company 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.