Vanguard Group Inc. Has $205.90 Million 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. boosted its stake in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,699,352 shares of the company's stock after purchasing an additional 11,421 shares during the period. Vanguard Group Inc. owned about 4.79% of Brookfield Infrastructure worth $205,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BIPC. First PREMIER Bank bought a new position in Brookfield Infrastructure in the 1st quarter valued at approximately $30,000. Trust Co. of Vermont bought a new position in shares of Brookfield Infrastructure during the first quarter valued at $34,000. First Horizon Advisors Inc. raised its stake 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 valued at $43,000 after acquiring an additional 611 shares during the last quarter. Transce3nd LLC bought a new position in shares of Brookfield Infrastructure during the fourth quarter valued at $46,000. Finally, Fifth Third Bancorp raised its stake 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 valued at $54,000 after acquiring an additional 663 shares during the last quarter. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

Shares of BIPC traded down $0.61 during trading hours on Monday, hitting $39.82. 402,283 shares of the stock were exchanged, compared to its average volume of 644,353. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $45.29. The business has a 50-day moving average of $40.75 and a 200-day moving average of $39.04. The firm has a market capitalization of $4.74 billion, a P/E ratio of 27.65 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. Stockholders 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 dividend yield of 4.3%. Brookfield Infrastructure's dividend payout ratio is 119.44%.

Analysts Set New Price Targets

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

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.