Pacifica Partners Inc. Has $854,000 Holdings in Brookfield Infrastructure Co. $BIPC

Pacifica Partners Inc. lifted its position in Brookfield Infrastructure Co. (NYSE:BIPC) by 534.2% in the third quarter, HoldingsChannel.com reports. The firm owned 20,575 shares of the company’s stock after acquiring an additional 17,331 shares during the period. Pacifica Partners Inc.’s holdings in Brookfield Infrastructure were worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Brookfield Infrastructure during the second quarter worth $64,433,000. Bank of Montreal Can raised its stake in shares of Brookfield Infrastructure by 9.1% in the 2nd quarter. Bank of Montreal Can now owns 4,522,487 shares of the company’s stock valued at $188,293,000 after buying an additional 375,586 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Brookfield Infrastructure during the 2nd quarter worth about $14,190,000. SCS Capital Management LLC acquired a new stake in shares of Brookfield Infrastructure during the 1st quarter valued at about $9,618,000. Finally, Epoch Investment Partners Inc. increased its stake in Brookfield Infrastructure by 10.5% in the first quarter. Epoch Investment Partners Inc. now owns 1,797,568 shares of the company’s stock valued at $65,054,000 after acquiring an additional 171,427 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Performance

Shares of NYSE:BIPC opened at $45.48 on Friday. The business has a fifty day moving average of $45.44 and a 200-day moving average of $42.47. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $47.71. The firm has a market cap of $5.42 billion, a PE ratio of 30.85 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 384.0%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Monday. Finally, Morgan Stanley set a $53.00 target price on Brookfield Infrastructure and gave the stock an “equal weight” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $53.00.

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.