Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Leavell Investment Management Inc.

Leavell Investment Management Inc. grew its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 42.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,301 shares of the company's stock after purchasing an additional 8,399 shares during the quarter. Leavell Investment Management Inc.'s holdings in Brookfield Infrastructure were worth $1,024,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First PREMIER Bank acquired a new stake in Brookfield Infrastructure during the first quarter worth approximately $30,000. Trust Co. of Vermont acquired a new stake in Brookfield Infrastructure during the first quarter worth approximately $34,000. Jones Financial Companies Lllp boosted its position 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 last quarter. Transce3nd LLC acquired a new stake in Brookfield Infrastructure during the fourth quarter worth approximately $46,000. Finally, First Horizon Advisors Inc. boosted its position in Brookfield Infrastructure by 104.1% during the first quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company's stock worth $43,000 after acquiring an additional 611 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ BIPC opened at $40.84 on Friday. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29. The firm's 50 day moving average price is $40.42 and its 200 day moving average price is $39.07. 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 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 given a dividend of $0.43 per share. The ex-dividend date was Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.21%. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 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.

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