Mezzasalma Advisors LLC Takes $645,000 Position in Brookfield Infrastructure Co. $BIPC

Mezzasalma Advisors LLC purchased a new position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,689 shares of the company’s stock, valued at approximately $645,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Brookfield Infrastructure by 338.3% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock valued at $26,000 after buying an additional 548 shares during the last quarter. Farther Finance Advisors LLC increased its position in Brookfield Infrastructure by 1,307.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 746 shares of the company’s stock valued at $31,000 after acquiring an additional 693 shares during the period. Parvin Asset Management LLC purchased a new stake in Brookfield Infrastructure during the 2nd quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. lifted its position in Brookfield Infrastructure by 117.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,064 shares of the company’s stock worth $39,000 after acquiring an additional 574 shares during the period. Finally, MAI Capital Management grew its stake in shares of Brookfield Infrastructure by 273.9% in the 1st quarter. MAI Capital Management now owns 1,133 shares of the company’s stock valued at $41,000 after purchasing an additional 830 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

NYSE:BIPC opened at $46.32 on Friday. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $47.71. The stock has a fifty day moving average price of $45.50 and a two-hundred day moving average price of $42.72. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 30.85 and a beta of 1.38.

Brookfield Infrastructure Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on BIPC. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Morgan Stanley set a $53.00 target price on shares of Brookfield Infrastructure and gave the stock an “equal weight” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $53.00.

Brookfield Infrastructure Profile

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.