Concurrent Investment Advisors LLC acquired a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,007 shares of the company's stock, valued at approximately $688,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Brookfield Infrastructure by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock valued at $115,624,000 after purchasing an additional 85,121 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Brookfield Infrastructure by 104.1% in the 1st quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company's stock valued at $43,000 after buying an additional 611 shares during the period. DAVENPORT & Co LLC raised its holdings in Brookfield Infrastructure by 6.0% during the first quarter. DAVENPORT & Co LLC now owns 68,511 shares of the company's stock worth $2,474,000 after purchasing an additional 3,876 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its holdings in Brookfield Infrastructure by 3.2% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 282,457 shares of the company's stock worth $10,222,000 after purchasing an additional 8,751 shares during the last quarter. Finally, BankPlus Wealth Management LLC increased its position in Brookfield Infrastructure by 5.0% during the first quarter. BankPlus Wealth Management LLC now owns 10,436 shares of the company's stock worth $378,000 after buying an additional 495 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.
Brookfield Infrastructure Price Performance
Brookfield Infrastructure stock traded down $0.58 during mid-day trading on Friday, hitting $40.84. 539,758 shares of the company were exchanged, compared to its average volume of 553,529. The business's 50 day simple moving average is $40.42 and its two-hundred day simple moving average is $39.07. The company has a market capitalization of $4.86 billion, a P/E ratio of 28.36 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 Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was 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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