Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Weil Company Inc.

Weil Company Inc. boosted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 346.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,187 shares of the company's stock after buying an additional 31,968 shares during the quarter. Weil Company Inc.'s holdings in Brookfield Infrastructure were worth $1,491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BIPC. Vanguard Group Inc. lifted its holdings in shares of Brookfield Infrastructure by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock valued at $228,128,000 after purchasing an additional 187,719 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Brookfield Infrastructure by 2.7% during the first quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock valued at $115,624,000 after buying an additional 85,121 shares in the last quarter. Brown Advisory Inc. acquired a new position in shares of Brookfield Infrastructure in the first quarter worth about $107,741,000. Geode Capital Management LLC increased 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 worth $66,380,000 after acquiring an additional 82,393 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Brookfield Infrastructure during the fourth quarter valued at approximately $60,137,000. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Trading Up 0.4%

Shares of Brookfield Infrastructure stock opened at $41.44 on Friday. The stock has a 50-day moving average price of $40.37 and a 200 day moving average price of $39.06. The company has a market cap of $4.93 billion, a P/E ratio of 28.78 and a beta of 1.37. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were issued a $0.43 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.15%. Brookfield Infrastructure's dividend payout ratio is 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.

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