Quantbot Technologies LP Purchases New Stake in Brookfield Infrastructure Co. $BIPC

Quantbot Technologies LP purchased a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) in the second quarter, Holdings Channel reports. The firm purchased 67,632 shares of the company’s stock, valued at approximately $2,813,000.

Several other institutional investors have also recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in Brookfield Infrastructure by 6.9% during the 1st quarter. Cetera Investment Advisers now owns 12,049 shares of the company’s stock valued at $435,000 after purchasing an additional 781 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Brookfield Infrastructure by 81.4% in the first quarter. PNC Financial Services Group Inc. now owns 21,521 shares of the company’s stock valued at $779,000 after purchasing an additional 9,658 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Brookfield Infrastructure during the first quarter valued at approximately $5,361,000. Maryland State Retirement & Pension System grew its holdings in Brookfield Infrastructure by 1.4% during the first quarter. Maryland State Retirement & Pension System now owns 151,539 shares of the company’s stock worth $5,484,000 after buying an additional 2,129 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in Brookfield Infrastructure by 8.8% during the first quarter. Townsquare Capital LLC now owns 12,022 shares of the company’s stock worth $435,000 after buying an additional 969 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NYSE BIPC opened at $46.99 on Friday. The business’s fifty day moving average is $44.79 and its 200-day moving average is $42.01. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 30.85 and a beta of 1.38. Brookfield Infrastructure Co. has a one year low of $32.08 and a one year high of $47.71.

Brookfield Infrastructure Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.