Brown Advisory Inc. purchased a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,984,279 shares of the company's stock, valued at approximately $107,741,000. Brown Advisory Inc. owned approximately 2.51% of Brookfield Infrastructure at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. First PREMIER Bank acquired a new stake in Brookfield Infrastructure in the first quarter valued at approximately $30,000. Trust Co. of Vermont acquired a new stake in Brookfield Infrastructure in the first quarter valued at approximately $34,000. First Horizon Advisors Inc. grew its holdings in Brookfield Infrastructure by 104.1% in the first quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company's stock valued at $43,000 after purchasing an additional 611 shares during the period. Jones Financial Companies Lllp grew its holdings in Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock valued at $44,000 after purchasing an additional 758 shares during the period. Finally, Transce3nd LLC acquired a new stake in Brookfield Infrastructure in the fourth quarter valued at approximately $46,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Infrastructure Trading Down 2.1%
Shares of BIPC opened at $42.26 on Tuesday. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $45.29. The stock's 50 day moving average is $40.11 and its two-hundred day moving average is $39.00. The firm has a market cap of $5.03 billion, a P/E ratio of 29.35 and a beta of 1.37.
Brookfield Infrastructure Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Infrastructure's dividend payout ratio is presently 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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