Brookfield Infrastructure (NASDAQ:BIPC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Brookfield Infrastructure (NASDAQ:BIPC) from a hold rating to a buy rating in a report issued on Wednesday morning, BidAskClub reports.

Separately, Zacks Investment Research cut Brookfield Infrastructure from a buy rating to a hold rating in a research report on Tuesday, October 20th.

Shares of NASDAQ:BIPC opened at $58.29 on Wednesday. The company has a fifty day moving average of $55.02. Brookfield Infrastructure has a fifty-two week low of $32.54 and a fifty-two week high of $59.19. The company has a market capitalization of $2.62 billion and a PE ratio of 40.48.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Friday, August 28th. Brookfield Infrastructure’s dividend payout ratio is currently 134.72%.

A number of institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC acquired a new position in Brookfield Infrastructure in the third quarter worth $75,000. San Francisco Sentry Investment Group CA lifted its stake in shares of Brookfield Infrastructure by 17.6% during the third quarter. San Francisco Sentry Investment Group CA now owns 3,881 shares of the company’s stock valued at $215,000 after acquiring an additional 580 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Brookfield Infrastructure during the third quarter valued at $303,000. Evanson Asset Management LLC acquired a new position in shares of Brookfield Infrastructure during the third quarter valued at $425,000. Finally, Fenimore Asset Management Inc. acquired a new position in shares of Brookfield Infrastructure during the third quarter valued at $7,844,000.

Brookfield Infrastructure 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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