BNP Paribas Financial Markets Buys Shares of 20,985 Brookfield Infrastructure Co. (NASDAQ:BIPC)

BNP Paribas Financial Markets bought a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,985 shares of the company's stock, valued at approximately $840,000.

Other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp boosted its stake in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after buying an additional 274 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in 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 acquiring an additional 758 shares during the period. Transce3nd LLC acquired a new position in Brookfield Infrastructure during the fourth quarter worth $46,000. Allworth Financial LP grew its holdings in Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after acquiring an additional 396 shares during the period. Finally, Morgan Dempsey Capital Management LLC grew its holdings in Brookfield Infrastructure by 34.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after acquiring an additional 460 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Stock Up 1.1%

BIPC stock traded up $0.42 on Friday, reaching $39.50. 736,991 shares of the company's stock were exchanged, compared to its average volume of 533,746. The stock has a fifty day moving average of $36.72 and a 200-day moving average of $39.35. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The firm has a market cap of $4.70 billion, a PE ratio of 27.43 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio is presently 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.