GAMMA Investing LLC purchased a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,240 shares of the company's stock, valued at approximately $660,000.
A number of other hedge funds have also modified their holdings of BIPC. Van ECK Associates Corp boosted its position in shares of Brookfield Infrastructure by 315.1% in the fourth quarter. Van ECK Associates Corp now owns 136,903 shares of the company's stock worth $5,490,000 after purchasing an additional 103,920 shares during the period. Rhumbline Advisers lifted its position in Brookfield Infrastructure by 1.6% during the fourth quarter. Rhumbline Advisers now owns 214,703 shares of the company's stock valued at $8,590,000 after purchasing an additional 3,484 shares during the last quarter. Principal Securities Inc. lifted its position in Brookfield Infrastructure by 12.3% during the fourth quarter. Principal Securities Inc. now owns 12,949 shares of the company's stock valued at $518,000 after purchasing an additional 1,418 shares during the last quarter. Allworth Financial LP lifted its position in Brookfield Infrastructure by 42.9% during 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 during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock valued at $124,423,000 after acquiring an additional 376,254 shares during the period. 70.38% of the stock is currently owned by institutional investors.
Brookfield Infrastructure Price Performance
Shares of BIPC traded up $0.24 during midday trading on Friday, hitting $40.74. The stock had a trading volume of 621,916 shares, compared to its average volume of 549,801. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29. The firm has a market cap of $4.85 billion, a PE ratio of 28.29 and a beta of 1.38. The stock's 50 day moving average is $38.61 and its 200 day moving average is $38.96.
Brookfield Infrastructure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio is currently 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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