Centiva Capital LP acquired a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,344 shares of the company's stock, valued at approximately $294,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC raised its stake in Brookfield Infrastructure by 234.0% during the 3rd quarter. Barclays PLC now owns 198,571 shares of the company's stock worth $8,622,000 after acquiring an additional 139,112 shares during the period. CHURCHILL MANAGEMENT Corp raised its position in shares of Brookfield Infrastructure by 3.3% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 273,706 shares of the company's stock valued at $10,951,000 after purchasing an additional 8,782 shares during the period. Procyon Advisors LLC lifted its stake in shares of Brookfield Infrastructure by 12.0% during the 4th quarter. Procyon Advisors LLC now owns 30,178 shares of the company's stock valued at $1,207,000 after buying an additional 3,228 shares in the last quarter. Addenda Capital Inc. lifted its stake in shares of Brookfield Infrastructure by 120.2% during the 4th quarter. Addenda Capital Inc. now owns 13,870 shares of the company's stock valued at $555,000 after buying an additional 7,570 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Brookfield Infrastructure by 31.6% in the 4th quarter. SG Americas Securities LLC now owns 48,414 shares of the company's stock worth $1,937,000 after buying an additional 11,614 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Infrastructure Stock Up 1.2%
BIPC stock traded up $0.49 during trading on Friday, reaching $39.40. The company's stock had a trading volume of 1,135,801 shares, compared to its average volume of 536,545. The company's fifty day moving average is $36.23 and its 200-day moving average is $39.48. The company has a market capitalization of $4.69 billion, a P/E ratio of 27.36 and a beta of 1.38. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29.
Brookfield Infrastructure Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 119.44%.
Brookfield Infrastructure Company Profile
(
Free Report)
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.
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