Millennium Management LLC Acquires Shares of 9,862 Brookfield Infrastructure Co. (NASDAQ:BIPC)

Millennium Management LLC bought a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 9,862 shares of the company's stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Brookfield Infrastructure by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock valued at $228,128,000 after purchasing an additional 187,719 shares in the last quarter. Principal Financial Group Inc. grew its position in 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. Geode Capital Management LLC grew its position in Brookfield Infrastructure by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,617,912 shares of the company's stock valued at $66,380,000 after acquiring an additional 82,393 shares during the period. Norges Bank acquired a new position in Brookfield Infrastructure during the fourth quarter worth $60,137,000. Finally, Scotia Capital Inc. lifted its holdings in shares of Brookfield Infrastructure by 3.7% during the fourth quarter. Scotia Capital Inc. now owns 1,247,007 shares of the company's stock valued at $49,453,000 after acquiring an additional 44,627 shares during the period. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Trading Down 0.0%

Shares of Brookfield Infrastructure stock traded down $0.01 during mid-day trading on Tuesday, reaching $41.13. 443,712 shares of the stock were exchanged, compared to its average volume of 684,567. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $45.29. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 28.56 and a beta of 1.38. The firm has a 50-day simple moving average of $37.54 and a 200 day simple moving average of $39.08.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's payout ratio is 119.44%.

Brookfield Infrastructure Profile

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.