Brookfield Infrastructure Co. $BIPC Shares Bought by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC grew its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,643 shares of the company’s stock after purchasing an additional 812 shares during the period. Brookfield Infrastructure accounts for about 1.0% of Comprehensive Money Management Services LLC’s investment portfolio, making the stock its 25th largest position. Comprehensive Money Management Services LLC’s holdings in Brookfield Infrastructure were worth $1,275,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BIPC. Geneos Wealth Management Inc. boosted 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 worth $26,000 after acquiring an additional 548 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Brookfield Infrastructure in the first quarter valued at approximately $29,000. First PREMIER Bank purchased a new stake in Brookfield Infrastructure in the first quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its holdings in 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 purchasing an additional 693 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in Brookfield Infrastructure in the first quarter valued at approximately $34,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BIPC. Wall Street Zen upgraded shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings restated a “sell (d)” rating on shares of Brookfield Infrastructure in a report on Saturday, September 27th. Finally, Morgan Stanley boosted their target price 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. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $46.00.

Brookfield Infrastructure Stock Up 3.0%

Brookfield Infrastructure stock opened at $45.22 on Friday. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $45.42. The firm has a fifty day moving average of $40.63 and a 200-day moving average of $39.60. The firm has a market capitalization of $5.38 billion, a P/E ratio of 31.40 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. Brookfield Infrastructure’s dividend payout ratio is presently 119.44%.

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.