48,000 Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC) Acquired by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,000 shares of the company’s stock, valued at approximately $3,617,000.

Other institutional investors also recently bought and sold shares of the company. Eaton Vance Management purchased a new stake in shares of Brookfield Infrastructure in the 1st quarter worth approximately $33,000. Federated Hermes Inc. purchased a new stake in Brookfield Infrastructure during the 1st quarter valued at $63,000. Allred Capital Management LLC purchased a new stake in Brookfield Infrastructure during the 1st quarter valued at $65,000. Rockefeller Capital Management L.P. boosted its stake in Brookfield Infrastructure by 17.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 975 shares of the company’s stock valued at $74,000 after purchasing an additional 142 shares during the last quarter. Finally, Sargent Bickham Lagudis LLC boosted its stake in Brookfield Infrastructure by 75.4% during the 2nd quarter. Sargent Bickham Lagudis LLC now owns 1,098 shares of the company’s stock valued at $83,000 after purchasing an additional 472 shares during the last quarter.

Shares of BIPC opened at $61.10 on Wednesday. The business’s fifty day simple moving average is $66.42 and its two-hundred day simple moving average is $70.35. Brookfield Infrastructure Co. has a 12 month low of $52.51 and a 12 month high of $80.60. The company has a market cap of $2.75 billion and a price-to-earnings ratio of 42.43.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Tuesday, August 31st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, August 30th. This represents a $2.04 annualized dividend and a yield of 3.34%. Brookfield Infrastructure’s dividend payout ratio is 141.67%.

Separately, Wells Fargo & Company upgraded Brookfield Infrastructure from an “equal weight” rating to an “overweight” rating and set a $73.00 target price on the stock in a research note on Monday, August 9th.

About Brookfield Infrastructure

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. It operates approximately 2,000 kilometers of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; and 3.6 million gas and electricity connections and 1.5 million installed smart meters in the United Kingdom.

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

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