Leavell Investment Management Inc. boosted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 42.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,301 shares of the company's stock after acquiring an additional 8,399 shares during the quarter. Leavell Investment Management Inc.'s holdings in Brookfield Infrastructure were worth $1,024,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Brookfield Infrastructure by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company's stock worth $25,371,000 after acquiring an additional 4,689 shares during the last quarter. Atria Investments Inc increased its stake in Brookfield Infrastructure by 32.8% in the 4th quarter. Atria Investments Inc now owns 21,038 shares of the company's stock valued at $842,000 after buying an additional 5,200 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Brookfield Infrastructure by 1,684.0% during the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock valued at $29,671,000 after acquiring an additional 700,108 shares during the period. Finally, Swiss National Bank boosted its holdings in Brookfield Infrastructure by 0.6% in the 4th quarter. Swiss National Bank now owns 234,877 shares of the company's stock valued at $9,420,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Stock Performance
Shares of NASDAQ BIPC traded up $0.19 during midday trading on Tuesday, hitting $41.05. 449,694 shares of the company traded hands, compared to its average volume of 553,143. The stock has a 50-day moving average price of $40.49 and a 200 day moving average price of $39.10. The firm has a market cap of $4.89 billion, a P/E ratio of 28.51 and a beta of 1.37. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $45.29.
Brookfield Infrastructure Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Friday, May 30th. Brookfield Infrastructure's dividend payout ratio (DPR) is 119.44%.
About Brookfield Infrastructure
(
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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