Cerity Partners LLC Invests $414,000 in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Cerity Partners LLC acquired a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPCGet Rating) in the 2nd quarter, Holdings Channel reports. The fund acquired 9,743 shares of the company’s stock, valued at approximately $414,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Brookfield Infrastructure by 7.4% during the first quarter. BlackRock Inc. now owns 3,763,219 shares of the company’s stock worth $283,898,000 after buying an additional 258,946 shares during the period. Confluence Investment Management LLC lifted its position in Brookfield Infrastructure by 50.6% during the second quarter. Confluence Investment Management LLC now owns 2,600,892 shares of the company’s stock valued at $110,538,000 after purchasing an additional 873,382 shares during the period. Vanguard Group Inc. lifted its position in Brookfield Infrastructure by 4.2% during the first quarter. Vanguard Group Inc. now owns 2,506,117 shares of the company’s stock valued at $189,062,000 after purchasing an additional 102,001 shares during the period. Brown Advisory Inc. lifted its position in Brookfield Infrastructure by 13.1% during the second quarter. Brown Advisory Inc. now owns 1,670,602 shares of the company’s stock valued at $103,111,000 after purchasing an additional 193,042 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in Brookfield Infrastructure by 62.0% during the second quarter. CIBC Private Wealth Group LLC now owns 1,375,079 shares of the company’s stock valued at $58,441,000 after purchasing an additional 526,109 shares during the period.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $45.33 on Friday. The company has a market capitalization of $5.01 billion and a PE ratio of 31.48. The company has a fifty day moving average of $43.50 and a 200 day moving average of $44.95. Brookfield Infrastructure Co. has a 1 year low of $37.54 and a 1 year high of $53.64.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 3.18%. Brookfield Infrastructure’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted 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 Company Profile

(Get Rating)

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.

Further Reading

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

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