Raymond James Financial Services Advisors Inc. grew its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC – Get Rating) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,942 shares of the company’s stock after buying an additional 516 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Brookfield Infrastructure were worth $934,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tandem Capital Management Corp ADV increased its stake in shares of Brookfield Infrastructure by 25.1% in the third quarter. Tandem Capital Management Corp ADV now owns 12,201 shares of the company’s stock valued at $492,000 after buying an additional 2,450 shares in the last quarter. Trust Co. of Vermont bought a new position in Brookfield Infrastructure in the third quarter valued at about $67,000. Islay Capital Management LLC bought a new position in Brookfield Infrastructure in the third quarter valued at about $278,000. Endurance Wealth Management Inc. boosted its holdings in Brookfield Infrastructure by 3.5% in the third quarter. Endurance Wealth Management Inc. now owns 20,427 shares of the company’s stock valued at $832,000 after acquiring an additional 700 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its holdings in Brookfield Infrastructure by 6.2% in the third quarter. Baker Tilly Wealth Management LLC now owns 13,515 shares of the company’s stock valued at $550,000 after acquiring an additional 786 shares during the last quarter.
Brookfield Infrastructure Stock Up 4.2 %
Brookfield Infrastructure stock opened at $44.91 on Friday. The business’s 50-day simple moving average is $42.89 and its 200 day simple moving average is $44.04. The stock has a market cap of $4.97 billion and a price-to-earnings ratio of 31.19. Brookfield Infrastructure Co. has a 12-month low of $37.54 and a 12-month high of $53.64.
Brookfield Infrastructure Dividend Announcement
Brookfield Infrastructure 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.
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