Balyasny Asset Management L.P. Buys 52,681 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Balyasny Asset Management L.P. increased its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 170.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,571 shares of the company's stock after acquiring an additional 52,681 shares during the period. Balyasny Asset Management L.P. owned about 0.07% of Brookfield Infrastructure worth $3,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. J.Safra Asset Management Corp lifted its position in Brookfield Infrastructure by 55.0% in the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after acquiring an additional 274 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock valued at $44,000 after purchasing an additional 758 shares in the last quarter. Transce3nd LLC bought a new stake in shares of Brookfield Infrastructure in the fourth quarter valued at about $46,000. Allworth Financial LP lifted its holdings in shares of Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after purchasing an additional 396 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in shares of Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock valued at $73,000 after purchasing an additional 460 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded up $0.49 during midday trading on Friday, reaching $39.40. The stock had a trading volume of 1,135,801 shares, compared to its average volume of 536,847. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29. The firm's fifty day simple moving average is $36.30 and its 200-day simple moving average is $39.43. The stock has a market capitalization of $4.69 billion, a P/E ratio of 27.36 and a beta of 1.38.

Brookfield Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.37%. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.

About Brookfield Infrastructure

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.