Swiss National Bank lifted its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC – Get Rating) by 50.1% in the 2nd quarter, Holdings Channel reports. The firm owned 234,877 shares of the company’s stock after purchasing an additional 78,392 shares during the quarter. Swiss National Bank’s holdings in Brookfield Infrastructure were worth $9,950,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BIPC. Steward Partners Investment Advisory LLC lifted its stake in shares of Brookfield Infrastructure by 13.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 18,848 shares of the company’s stock valued at $1,422,000 after purchasing an additional 2,278 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Brookfield Infrastructure during the first quarter worth about $1,975,000. Envestnet Asset Management Inc. raised its position in Brookfield Infrastructure by 4.2% during the first quarter. Envestnet Asset Management Inc. now owns 53,046 shares of the company’s stock worth $4,002,000 after acquiring an additional 2,141 shares during the last quarter. Russell Investments Group Ltd. raised its position in Brookfield Infrastructure by 72.0% during the first quarter. Russell Investments Group Ltd. now owns 75,670 shares of the company’s stock worth $5,709,000 after acquiring an additional 31,679 shares during the last quarter. Finally, Gryphon Financial Partners LLC acquired a new position in Brookfield Infrastructure during the first quarter worth about $204,000.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company lifted their target price on shares of Brookfield Infrastructure from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th.
Brookfield Infrastructure Trading Up 0.7 %
Brookfield Infrastructure Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.18%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 100.00%.
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; and electricity transmission and distribution, as well as gas distribution in Australia.
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