Vanguard Group Inc. Has $205.90 Million Stock Holdings in Brookfield Infrastructure Co. $BIPC

Key Points

• Vanguard Group Inc. increased its stake in Brookfield Infrastructure Co. by 0.2% in Q1, now owning 5,699,352 shares valued at approximately $205.9 million.
• The quarterly dividend announced by Brookfield Infrastructure will be $0.43, payable on September 29th, reflecting an annual yield of 4.4%.
• Brookfield Infrastructure's shares were downgraded from a "buy" to a "hold" rating by Wall Street Zen in a recent report.

Vanguard Group Inc. lifted its holdings in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,699,352 shares of the company's stock after acquiring an additional 11,421 shares during the quarter. Vanguard Group Inc. owned approximately 4.79% of Brookfield Infrastructure worth $205,897,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Brookfield Infrastructure by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock worth $115,624,000 after purchasing an additional 85,121 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Brookfield Infrastructure during the 1st quarter valued at $107,741,000. Scotia Capital Inc. raised its position in shares of Brookfield Infrastructure by 4.6% during the 1st quarter. Scotia Capital Inc. now owns 1,304,699 shares of the company's stock valued at $46,272,000 after acquiring an additional 57,692 shares during the last quarter. TD Asset Management Inc raised its position in shares of Brookfield Infrastructure by 11.9% during the 1st quarter. TD Asset Management Inc now owns 1,297,388 shares of the company's stock valued at $46,910,000 after acquiring an additional 137,537 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Brookfield Infrastructure by 9.0% during the 4th quarter. Northern Trust Corp now owns 975,969 shares of the company's stock valued at $39,049,000 after acquiring an additional 80,476 shares during the last quarter. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Up 3.8%

Shares of BIPC traded up $1.49 during trading hours on Friday, reaching $40.43. The stock had a trading volume of 756,028 shares, compared to its average volume of 645,860. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29. The firm has a 50-day moving average of $40.79 and a 200 day moving average of $39.08. The company has a market cap of $4.81 billion, a P/E ratio of 28.08 and a beta of 1.39.

Brookfield Infrastructure Announces Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Brookfield Infrastructure from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th.

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.