Macquarie Infrastructure Company (MIC) Position Boosted by Walter & Keenan Financial Consulting Co. MI ADV

Walter & Keenan Financial Consulting Co. MI ADV increased its position in shares of Macquarie Infrastructure Company (NYSE:MIC) by 32.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,000 shares of the conglomerate’s stock after buying an additional 1,700 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Macquarie Infrastructure were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. World Asset Management Inc increased its holdings in Macquarie Infrastructure by 0.3% during the second quarter. World Asset Management Inc now owns 2,736 shares of the conglomerate’s stock worth $215,000 after buying an additional 9 shares during the last quarter. US Bancorp DE increased its holdings in Macquarie Infrastructure by 1.0% during the second quarter. US Bancorp DE now owns 2,693 shares of the conglomerate’s stock worth $211,000 after buying an additional 26 shares during the last quarter. Comerica Bank increased its holdings in Macquarie Infrastructure by 2.0% during the second quarter. Comerica Bank now owns 3,158 shares of the conglomerate’s stock worth $240,000 after buying an additional 63 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Macquarie Infrastructure by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 18,124 shares of the conglomerate’s stock worth $1,421,000 after buying an additional 83 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Macquarie Infrastructure by 3.6% during the second quarter. Toronto Dominion Bank now owns 3,056 shares of the conglomerate’s stock worth $240,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 72.91% of the company’s stock.



A number of equities analysts recently weighed in on MIC shares. Zacks Investment Research downgraded shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub downgraded shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, SunTrust Banks, Inc. lowered their target price on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $83.75.

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Macquarie Infrastructure Company (MIC) traded up $0.71 during trading hours on Tuesday, hitting $65.10. 1,253,800 shares of the company’s stock traded hands, compared to its average volume of 594,604. Macquarie Infrastructure Company has a 12-month low of $63.08 and a 12-month high of $83.66. The firm has a market capitalization of $5,450.00, a P/E ratio of 30.23 and a beta of 0.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.93 and a current ratio of 1.07.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a $1.42 dividend. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 8.73%. The ex-dividend date of this dividend was Friday, November 10th. Macquarie Infrastructure’s payout ratio is currently 274.40%.

Macquarie Infrastructure Profile

Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.

Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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