Brookfield Infrastructure Co. $BIPC Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,938,431 shares of the company’s stock after selling 45,848 shares during the quarter. Brown Advisory Inc.’s holdings in Brookfield Infrastructure were worth $122,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BankPlus Wealth Management LLC grew its holdings in shares of Brookfield Infrastructure by 2.6% during the second quarter. BankPlus Wealth Management LLC now owns 10,708 shares of the company’s stock valued at $445,000 after buying an additional 272 shares during the last quarter. Tranquility Partners LLC raised its stake in Brookfield Infrastructure by 2.4% in the 2nd quarter. Tranquility Partners LLC now owns 12,490 shares of the company’s stock worth $520,000 after acquiring an additional 290 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position 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 worth $1,530,000 after acquiring an additional 350 shares during the period. Marks Group Wealth Management Inc lifted its position in Brookfield Infrastructure by 3.5% during the 2nd quarter. Marks Group Wealth Management Inc now owns 10,357 shares of the company’s stock worth $431,000 after acquiring an additional 353 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in Brookfield Infrastructure by 0.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 49,266 shares of the company’s stock valued at $2,049,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 0.2%

Brookfield Infrastructure stock opened at $46.99 on Friday. The firm has a market cap of $5.59 billion, a PE ratio of 30.85 and a beta of 1.38. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $47.71. The stock’s 50 day simple moving average is $44.79 and its two-hundred day simple moving average is $42.01.

Brookfield Infrastructure Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be given a dividend of $0.43 per share. This represents a yield of 384.0%. The ex-dividend date is Friday, November 28th.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BIPC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Tuesday. Wall Street Zen raised shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Morgan Stanley set a $53.00 target price on shares of Brookfield Infrastructure and gave the stock an “equal weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $53.00.

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.