Brookfield Infrastructure Co. (NASDAQ:BIPC) Position Raised by BankPlus Trust Department

BankPlus Trust Department raised its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 24.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,743 shares of the company's stock after acquiring an additional 6,406 shares during the period. BankPlus Trust Department's holdings in Brookfield Infrastructure were worth $1,185,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of Brookfield Infrastructure by 217.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after buying an additional 758 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Brookfield Infrastructure by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company's stock worth $25,371,000 after buying an additional 4,689 shares during the period. Atria Investments Inc boosted its position in shares of Brookfield Infrastructure by 32.8% during the fourth quarter. Atria Investments Inc now owns 21,038 shares of the company's stock worth $842,000 after buying an additional 5,200 shares during the period. HighTower Advisors LLC boosted its position in shares of Brookfield Infrastructure by 1,684.0% during the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock worth $29,671,000 after buying an additional 700,108 shares during the period. Finally, Swiss National Bank boosted its position in shares of Brookfield Infrastructure by 0.6% during the fourth quarter. Swiss National Bank now owns 234,877 shares of the company's stock worth $9,420,000 after buying an additional 1,400 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of NASDAQ BIPC traded down $0.58 during midday trading on Friday, hitting $40.84. 539,758 shares of the company's stock were exchanged, compared to its average volume of 553,615. The stock's 50 day moving average price is $40.42 and its 200-day moving average price is $39.08. The firm has a market cap of $4.86 billion, a P/E ratio of 28.36 and a beta of 1.37. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently announced 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 was Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.21%. Brookfield Infrastructure's payout ratio is 119.44%.

About Brookfield Infrastructure

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.