M&R Capital Management Inc. Buys 2,489 Shares of Brookfield Infrastructure Partners L.P. (NASDAQ:BIPC)

M&R Capital Management Inc. grew its stake in shares of Brookfield Infrastructure Partners L.P. (NASDAQ:BIPC) by 18.0% in the third quarter, Holdings Channel reports. The fund owned 16,295 shares of the company’s stock after acquiring an additional 2,489 shares during the quarter. M&R Capital Management Inc.’s holdings in Brookfield Infrastructure Partners were worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Everett Harris & Co. CA bought a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at approximately $224,000. Envestnet Asset Management Inc. bought a new position in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $848,000. Telemus Capital LLC bought a new position in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $455,000. Invesco Ltd. bought a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $3,024,000. Finally, Colony Group LLC bought a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $469,000.

Shares of Brookfield Infrastructure Partners stock traded down $0.07 during trading on Thursday, hitting $55.32. 189,113 shares of the stock traded hands, compared to its average volume of 249,368. The company has a market capitalization of $2.49 billion and a PE ratio of 38.42. The business has a fifty day simple moving average of $52.41. Brookfield Infrastructure Partners L.P. has a 52 week low of $32.54 and a 52 week high of $56.71.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.94 annualized dividend and a dividend yield of 3.51%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 134.72%.

BIPC has been the subject of a number of recent analyst reports. Wells Fargo & Company restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, June 19th. BidaskClub upgraded Brookfield Infrastructure Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. Finally, Zacks Investment Research lowered Brookfield Infrastructure Partners from a “strong-buy” rating to a “sell” rating in a research note on Monday, August 10th.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Corporation engages in the ownership and operation of regulated gas transmission systems in Brazil. It also engages in the regulated distribution operations in the United Kingdom. The company was founded in 2019 and is headquartered in New York, New York. Brookfield Infrastructure Corporation is a subsidiary of Brookfield Infrastructure Partners L.P.

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NASDAQ:BIPC)

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