Comprehensive Money Management Services LLC bought a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 27,226 shares of the company's stock, valued at approximately $1,089,000.
Several other large investors have also recently added to or reduced their stakes in the business. J.Safra Asset Management Corp grew its holdings in Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after acquiring an additional 274 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Brookfield Infrastructure by 217.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after acquiring an additional 758 shares in the last quarter. Transce3nd LLC acquired a new position in Brookfield Infrastructure during the 4th quarter worth approximately $46,000. Allworth Financial LP grew its holdings in Brookfield Infrastructure by 42.9% during the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after acquiring an additional 396 shares in the last quarter. Finally, Dunhill Financial LLC acquired a new position in shares of Brookfield Infrastructure in the 4th quarter valued at $69,000. 70.38% of the stock is owned by hedge funds and other institutional investors.
Brookfield Infrastructure Price Performance
Shares of Brookfield Infrastructure stock traded up $0.35 during trading hours on Friday, hitting $39.66. The company had a trading volume of 1,419,544 shares, compared to its average volume of 542,934. The company's 50-day moving average is $37.06 and its two-hundred day moving average is $39.25. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The company has a market cap of $4.72 billion, a P/E ratio of 27.54 and a beta of 1.38.
Brookfield Infrastructure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure's payout ratio 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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