Invesco Ltd. Purchases 19,887 Shares of Brookfield Infrastructure Co. $BIPC

Key Points

• Invesco Ltd. increased its stake in Brookfield Infrastructure Co. by 24%, acquiring an additional 19,887 shares during the 1st quarter, bringing its total holdings to 102,866 shares valued at approximately $3.72 million.
• Brookfield Infrastructure recently declared a quarterly dividend of $0.43 per share, which represents an annualized dividend of $1.72 and a yield of 4.2%, despite having a high dividend payout ratio of 119.44%.
• Wall Street analysts have given Brookfield Infrastructure a consensus rating of "Hold" with a price target of $46.00, following varied opinions on the stock, including a downgrade from "buy" to "hold" by Wall Street Zen.

Invesco Ltd. increased its stake in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 24.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,866 shares of the company's stock after purchasing an additional 19,887 shares during the quarter. Invesco Ltd. owned approximately 0.09% of Brookfield Infrastructure worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First PREMIER Bank purchased a new position in Brookfield Infrastructure during the 1st quarter valued at about $30,000. Trust Co. of Vermont acquired a new position in shares of Brookfield Infrastructure during the first quarter worth approximately $34,000. First Horizon Advisors Inc. lifted its holdings in shares of Brookfield Infrastructure by 104.1% during the first quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company's stock worth $43,000 after buying an additional 611 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Brookfield Infrastructure by 79.1% during the first quarter. Fifth Third Bancorp now owns 1,501 shares of the company's stock worth $54,000 after buying an additional 663 shares during the last quarter. Finally, Dunhill Financial LLC acquired a new position in Brookfield Infrastructure in the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Wall Street Analysts Forecast Growth

BIPC has been the topic of a number of research reports. Wall Street Zen cut Brookfield Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday. Morgan Stanley upped their price target on Brookfield Infrastructure from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $46.00.

Brookfield Infrastructure Price Performance

Shares of BIPC stock traded down $0.73 during trading hours on Tuesday, hitting $39.49. 350,397 shares of the company's stock were exchanged, compared to its average volume of 642,146. The stock's 50-day moving average is $40.72 and its 200-day moving average is $39.01. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 27.42 and a beta of 1.38. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a $0.43 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 4.4%. 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.