Graham Capital Management L.P. Grows Stock Position in Brookfield Infrastructure Co. $BIPC

Key Points

• Graham Capital Management L.P. increased its holdings in Brookfield Infrastructure Co. by 34.7%, now owning 82,478 shares valued at approximately $2.985 million.
• Multiple hedge funds acquired new stakes in Brookfield Infrastructure during the first quarter, with hedge funds and institutional investors now owning 70.38% of the stock.
• A quarterly dividend of $0.43 will be paid on September 29th, with a current annualized yield of 4.3%, despite a high dividend payout ratio of 119.44%.

Graham Capital Management L.P. grew its stake in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 34.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 82,478 shares of the company's stock after buying an additional 21,247 shares during the quarter. Graham Capital Management L.P. owned 0.07% of Brookfield Infrastructure worth $2,985,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter worth about $29,000. First PREMIER Bank acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter worth about $30,000. Trust Co. of Vermont acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter worth about $34,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Brookfield Infrastructure by 117.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,064 shares of the company's stock worth $39,000 after acquiring an additional 574 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of Brookfield Infrastructure by 273.9% during the 1st quarter. MAI Capital Management now owns 1,133 shares of the company's stock worth $41,000 after acquiring an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on BIPC shares. Morgan Stanley boosted their target price on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 26th. Wall Street Zen downgraded Brookfield Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Brookfield Infrastructure has an average rating of "Hold" and a consensus target price of $46.00.

Brookfield Infrastructure Stock Performance

NYSE BIPC traded up $0.40 during trading hours on Thursday, hitting $39.74. 455,717 shares of the company's stock were exchanged, compared to its average volume of 644,244. The business's 50 day moving average is $40.66 and its 200-day moving average is $39.02. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $45.29. The firm has a market capitalization of $4.73 billion, a P/E ratio of 27.60 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

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

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.