CHURCHILL MANAGEMENT Corp increased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282,457 shares of the company's stock after purchasing an additional 8,751 shares during the quarter. CHURCHILL MANAGEMENT Corp owned approximately 0.24% of Brookfield Infrastructure worth $10,222,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 187,719 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 82,393 shares in the last quarter. Norges Bank acquired a new stake in shares of Brookfield Infrastructure in the fourth quarter valued at approximately $60,137,000. Scotia Capital Inc. lifted its position in Brookfield Infrastructure by 3.7% during the fourth quarter. Scotia Capital Inc. now owns 1,247,007 shares of the company's stock worth $49,453,000 after buying an additional 44,627 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in Brookfield Infrastructure by 3.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,024,923 shares of the company's stock worth $40,593,000 after buying an additional 37,503 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.
Brookfield Infrastructure Trading Up 1.0%
NASDAQ:BIPC traded up $0.42 during trading hours on Tuesday, hitting $42.02. The company had a trading volume of 579,031 shares, compared to its average volume of 547,995. The company has a 50-day moving average of $39.48 and a 200 day moving average of $38.85. The company has a market cap of $5.00 billion, a P/E ratio of 29.18 and a beta of 1.38. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29.
Brookfield Infrastructure Dividend Announcement
The company 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.09%. Brookfield Infrastructure's payout ratio is 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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