Corrado Advisors LLC purchased a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,035 shares of the company's stock, valued at approximately $1,413,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIPC. First PREMIER Bank bought a new stake in shares of Brookfield Infrastructure in the 1st quarter worth about $30,000. Trust Co. of Vermont acquired a new position in Brookfield Infrastructure in the first quarter valued at about $34,000. Jones Financial Companies Lllp boosted its position 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 buying an additional 758 shares in the last quarter. Transce3nd LLC bought a new stake in Brookfield Infrastructure during the fourth quarter worth about $46,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Brookfield Infrastructure by 104.1% during the first quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company's stock worth $43,000 after buying an additional 611 shares in the last quarter. Institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Price Performance
Shares of NASDAQ:BIPC traded up $0.06 during trading on Monday, reaching $40.88. The stock had a trading volume of 535,788 shares, compared to its average volume of 662,715. The stock has a market capitalization of $4.87 billion, a PE ratio of 28.39 and a beta of 1.37. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29. The business's 50-day moving average price is $40.42 and its 200 day moving average price is $39.08.
Brookfield Infrastructure Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.21%. 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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