Cerity Partners LLC Takes Position in Brookfield Infrastructure Co. (NYSE:BIPC)

Key Points

• Cerity Partners LLC has made a new investment in Brookfield Infrastructure Co. by acquiring 7,725 shares valued at approximately $280,000 in the first quarter.
• Institutional ownership is significant, with 70.38% of the stock held by hedge funds and institutional investors, including additional stakes raised by firms like Vanguard Group Inc. and Principal Financial Group Inc.
• Brookfield Infrastructure recently raised its quarterly dividend to $0.43 per share, with an annualized dividend yield of 4.12% and a payout ratio of 119.44%.

Cerity Partners LLC purchased a new position in shares of Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,725 shares of the company's stock, valued at approximately $280,000.

Several other hedge funds have also added to or reduced their stakes in the company. Leavell Investment Management Inc. lifted its holdings in Brookfield Infrastructure by 42.2% during the 1st quarter. Leavell Investment Management Inc. now owns 28,301 shares of the company's stock worth $1,024,000 after purchasing an additional 8,399 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in Brookfield Infrastructure during the first quarter worth approximately $273,000. Brown Advisory Inc. acquired a new stake in Brookfield Infrastructure during the first quarter worth approximately $107,741,000. TD Private Client Wealth LLC grew its position in Brookfield Infrastructure by 25.3% during the first quarter. TD Private Client Wealth LLC now owns 24,350 shares of the company's stock worth $879,000 after buying an additional 4,921 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Brookfield Infrastructure by 8.9% during the first quarter. Envestnet Asset Management Inc. now owns 904,535 shares of the company's stock worth $32,729,000 after buying an additional 73,659 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

NYSE:BIPC traded down $0.99 during trading hours on Thursday, reaching $39.73. 282,966 shares of the company were exchanged, compared to its average volume of 647,272. The company has a market capitalization of $4.73 billion, a P/E ratio of 27.59 and a beta of 1.37. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29. The business has a 50 day moving average of $41.10 and a 200 day moving average of $39.25.

Analyst Ratings Changes

Separately, Wall Street Zen raised Brookfield Infrastructure from a "hold" rating to a "buy" rating in a research report on Sunday, July 6th.

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.