TD Waterhouse Canada Inc. Has $49.51 Million Stock Position in Brookfield Infrastructure Co. $BIPC

TD Waterhouse Canada Inc. lessened its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,193,707 shares of the company’s stock after selling 57,074 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 1.00% of Brookfield Infrastructure worth $49,508,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in Brookfield Infrastructure by 9.1% in the second quarter. Bank of Montreal Can now owns 4,522,487 shares of the company’s stock valued at $188,293,000 after acquiring an additional 375,586 shares during the last quarter. State Street Corp raised its holdings in shares of Brookfield Infrastructure by 2.3% in the 2nd quarter. State Street Corp now owns 1,977,356 shares of the company’s stock valued at $82,258,000 after purchasing an additional 44,506 shares during the period. Norges Bank acquired a new stake in Brookfield Infrastructure in the 2nd quarter valued at about $64,433,000. Scotia Capital Inc. grew its holdings in Brookfield Infrastructure by 2.1% during the second quarter. Scotia Capital Inc. now owns 1,332,140 shares of the company’s stock worth $54,975,000 after purchasing an additional 27,441 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Brookfield Infrastructure by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,808 shares of the company’s stock worth $37,775,000 after buying an additional 18,648 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on BIPC shares. Morgan Stanley set a $57.00 price objective on Brookfield Infrastructure in a research report on Wednesday. Wall Street Zen raised Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Brookfield Infrastructure has an average rating of “Reduce” and an average target price of $57.00.

Brookfield Infrastructure Price Performance

BIPC stock opened at $46.43 on Thursday. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $47.71. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 30.85 and a beta of 1.37. The business’s fifty day moving average price is $45.45 and its two-hundred day moving average price is $43.28.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were paid a $0.43 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 384.0%.

Brookfield Infrastructure Profile

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.