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) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 15,689 shares of the company’s stock, valued at approximately $645,000.

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

Analyst Ratings Changes

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

Brookfield Infrastructure Price Performance

NYSE:BIPC opened at $46.32 on Friday. The firm has a 50 day simple moving average of $45.50 and a 200-day simple moving average of $42.72. The firm has a market cap of $5.52 billion, a PE ratio of 30.85 and a beta of 1.38. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $47.71.

Brookfield Infrastructure Dividend Announcement

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

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.