Personal CFO Solutions LLC purchased a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,554 shares of the company's stock, valued at approximately $273,000.
A number of other large investors have also added to or reduced their stakes in BIPC. Brown Advisory Inc. bought a new stake in shares of Brookfield Infrastructure in the 1st quarter worth approximately $107,741,000. TD Private Client Wealth LLC lifted its holdings in shares of Brookfield Infrastructure by 25.3% in the 1st quarter. TD Private Client Wealth LLC now owns 24,350 shares of the company's stock worth $879,000 after acquiring an additional 4,921 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Brookfield Infrastructure by 8.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 904,535 shares of the company's stock worth $32,729,000 after acquiring an additional 73,659 shares during the last quarter. Rice Partnership LLC lifted its holdings in shares of Brookfield Infrastructure by 9.9% in the 1st quarter. Rice Partnership LLC now owns 132,525 shares of the company's stock worth $4,796,000 after acquiring an additional 11,913 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Brookfield Infrastructure in the 1st quarter worth approximately $688,000. Hedge funds and other institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Stock Performance
NASDAQ:BIPC traded up $0.15 during midday trading on Thursday, reaching $41.44. 606,374 shares of the stock traded hands, compared to its average volume of 553,708. The company has a fifty day moving average of $40.29 and a 200 day moving average of $39.04. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $45.29. The stock has a market capitalization of $4.93 billion, a P/E ratio of 28.78 and a beta of 1.37.
Brookfield Infrastructure Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.15%. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.
Brookfield Infrastructure 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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