Capital Advisors Inc. OK Makes New Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Capital Advisors Inc. OK bought a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPCGet Rating) in the 2nd quarter, Holdings Channel reports. The fund bought 223,656 shares of the company’s stock, valued at approximately $9,505,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sargent Bickham Lagudis LLC boosted its stake in Brookfield Infrastructure by 49.8% during the 2nd quarter. Sargent Bickham Lagudis LLC now owns 713 shares of the company’s stock valued at $30,000 after acquiring an additional 237 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of Brookfield Infrastructure by 50.0% during the second quarter. Valley National Advisers Inc. now owns 750 shares of the company’s stock worth $32,000 after purchasing an additional 250 shares during the period. Federated Hermes Inc. raised its holdings in shares of Brookfield Infrastructure by 40.0% during the first quarter. Federated Hermes Inc. now owns 616 shares of the company’s stock worth $46,000 after purchasing an additional 176 shares during the period. Financial Management Professionals Inc. increased its holdings in shares of Brookfield Infrastructure by 31.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,237 shares of the company’s stock worth $53,000 after acquiring an additional 297 shares during the period. Finally, Gradient Investments LLC increased its holdings in shares of Brookfield Infrastructure by 49.9% in the 2nd quarter. Gradient Investments LLC now owns 1,378 shares of the company’s stock worth $59,000 after acquiring an additional 459 shares during the period.

Brookfield Infrastructure Trading Down 2.0 %

BIPC traded down $0.96 on Friday, reaching $47.07. The company had a trading volume of 26,069 shares, compared to its average volume of 352,325. The company has a fifty day moving average of $47.00 and a 200-day moving average of $46.93. The company has a market capitalization of $5.20 billion and a P/E ratio of 33.35. Brookfield Infrastructure Co. has a one year low of $38.46 and a one year high of $53.64.

Brookfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, August 31st will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.06%. Brookfield Infrastructure’s dividend payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their target price on shares of Brookfield Infrastructure from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th.

Brookfield Infrastructure Profile

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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.

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Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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