Brookfield Infrastructure Co. $BIPC is Copeland Capital Management LLC's 9th Largest Position

Key Points

• Copeland Capital Management LLC reduced its shares in Brookfield Infrastructure Co. by 7.9% during the second quarter, now holding approximately 1.6% of its portfolio in the company.
• Brookfield Infrastructure recently declared a quarterly dividend of $0.43, resulting in an annualized dividend of $1.72 and a yield of 4.1%.
• Analysts' ratings for Brookfield Infrastructure include a target price increase from Morgan Stanley to $46.00, with an average rating of "Hold".

Copeland Capital Management LLC trimmed its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,869,351 shares of the company's stock after selling 159,428 shares during the period. Brookfield Infrastructure comprises approximately 1.6% of Copeland Capital Management LLC's portfolio, making the stock its 9th biggest holding. Copeland Capital Management LLC owned about 1.57% of Brookfield Infrastructure worth $77,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Brookfield Infrastructure by 2.7% during the first quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock worth $115,624,000 after acquiring an additional 85,121 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of Brookfield Infrastructure during the first quarter worth $107,741,000. Epoch Investment Partners Inc. raised its holdings in shares of Brookfield Infrastructure by 10.5% during the first quarter. Epoch Investment Partners Inc. now owns 1,797,568 shares of the company's stock worth $65,054,000 after acquiring an additional 171,427 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Brookfield Infrastructure by 85.8% during the first quarter. HighTower Advisors LLC now owns 1,378,035 shares of the company's stock worth $49,871,000 after acquiring an additional 636,353 shares in the last quarter. Finally, Scotia Capital Inc. raised its holdings in shares of Brookfield Infrastructure by 4.6% during the first quarter. Scotia Capital Inc. now owns 1,304,699 shares of the company's stock worth $46,272,000 after acquiring an additional 57,692 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley increased their price objective on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 26th. Wall Street Zen upgraded Brookfield Infrastructure from a "sell" rating to a "hold" rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Brookfield Infrastructure presently has an average rating of "Hold" and an average target price of $46.00.

Brookfield Infrastructure Price Performance

NYSE BIPC opened at $42.28 on Friday. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $45.29. The stock's 50-day moving average is $40.19 and its two-hundred day moving average is $39.25. The firm has a market cap of $5.03 billion, a P/E ratio of 29.36 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 119.44%.

Brookfield Infrastructure Company 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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