Epoch Investment Partners Inc. Has $65.05 Million Position in Brookfield Infrastructure Co. $BIPC

Key Points

• Epoch Investment Partners Inc. increased its holdings in Brookfield Infrastructure Co. by 10.5%, owning a total of 1,797,568 shares valued at approximately $65.05 million.
• Brookfield Infrastructure recently declared a quarterly dividend of $0.43 per share, yielding 4.3% annually, with a payout ratio of 119.44%.
• Wall Street analysts have mixed opinions on Brookfield Infrastructure, with Morgan Stanley raising its price target to $46.00 while others downgraded it to a "hold" rating.

Epoch Investment Partners Inc. boosted its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 10.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,797,568 shares of the company's stock after acquiring an additional 171,427 shares during the period. Epoch Investment Partners Inc. owned 1.51% of Brookfield Infrastructure worth $65,054,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in Brookfield Infrastructure in the first quarter valued at about $29,000. First PREMIER Bank acquired a new stake in shares of Brookfield Infrastructure in the 1st quarter valued at approximately $30,000. Trust Co. of Vermont bought a new position in Brookfield Infrastructure during the 1st quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. grew its holdings in Brookfield Infrastructure by 117.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,064 shares of the company's stock valued at $39,000 after purchasing an additional 574 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Brookfield Infrastructure by 104.1% in the first quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company's stock valued at $43,000 after purchasing an additional 611 shares in the last quarter. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Up 1.5%

Shares of BIPC opened at $40.37 on Wednesday. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The stock has a market capitalization of $4.81 billion, a P/E ratio of 28.03 and a beta of 1.39. The company has a 50 day moving average of $40.74 and a 200-day moving average of $39.04.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, August 29th. Brookfield Infrastructure's payout ratio is presently 119.44%.

Wall Street Analysts Forecast Growth

BIPC has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Wall Street Zen downgraded Brookfield Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brookfield Infrastructure has an average rating of "Hold" and a consensus target price of $46.00.

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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