International Assets Investment Management LLC bought a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 30,785 shares of the company's stock, valued at approximately $1,114,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Comprehensive Money Management Services LLC grew its stake in shares of Brookfield Infrastructure by 9.6% in the 1st quarter. Comprehensive Money Management Services LLC now owns 29,831 shares of the company's stock valued at $1,080,000 after purchasing an additional 2,605 shares during the last quarter. First PREMIER Bank purchased a new position in shares of Brookfield Infrastructure in the 1st quarter valued at approximately $30,000. Canton Hathaway LLC purchased a new position in shares of Brookfield Infrastructure in the 1st quarter valued at approximately $109,000. Paragon Capital Management Ltd grew its stake in shares of Brookfield Infrastructure by 5.4% in the 1st quarter. Paragon Capital Management Ltd now owns 14,534 shares of the company's stock valued at $526,000 after purchasing an additional 750 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Brookfield Infrastructure by 79.1% in the 1st quarter. Fifth Third Bancorp now owns 1,501 shares of the company's stock valued at $54,000 after purchasing an additional 663 shares during the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Infrastructure Price Performance
Shares of BIPC stock traded up $0.57 during midday trading on Friday, hitting $41.89. The company had a trading volume of 997,148 shares, compared to its average volume of 546,271. The company's 50 day simple moving average is $39.34 and its 200 day simple moving average is $38.86. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $45.29. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 29.09 and a beta of 1.38.
Brookfield Infrastructure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.43 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.11%. Brookfield Infrastructure's dividend payout ratio (DPR) 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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