Personal CFO Solutions LLC purchased a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,554 shares of the company's stock, valued at approximately $273,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brown Advisory Inc. bought a new stake in Brookfield Infrastructure during the first quarter valued at about $107,741,000. Norges Bank purchased a new stake in shares of Brookfield Infrastructure during the fourth quarter valued at about $60,137,000. HighTower Advisors LLC boosted its holdings in shares of Brookfield Infrastructure by 1,684.0% in the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock valued at $29,671,000 after buying an additional 700,108 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Brookfield Infrastructure by 61.9% in the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company's stock worth $23,552,000 after buying an additional 225,143 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Brookfield Infrastructure by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock worth $228,128,000 after buying an additional 187,719 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.
Brookfield Infrastructure Stock Down 1.4%
Shares of NASDAQ BIPC traded down $0.58 during trading hours on Friday, hitting $40.84. 539,758 shares of the stock were exchanged, compared to its average volume of 553,529. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $45.29. The firm has a fifty day moving average price of $40.42 and a 200-day moving average price of $39.07. The company has a market cap of $4.86 billion, a PE ratio of 28.36 and a beta of 1.37.
Brookfield Infrastructure Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Friday, May 30th. Brookfield Infrastructure's payout ratio is presently 119.44%.
About Brookfield Infrastructure
(
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.
Featured Stories
Before you consider Brookfield Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Infrastructure wasn't on the list.
While Brookfield Infrastructure currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
