Deutsche Bank AG Acquires Shares of 148,139 Brookfield Infrastructure Co. $BIPC

Key Points

• Deutsche Bank AG has acquired a new position in Brookfield Infrastructure Co., purchasing 148,139 shares valued at approximately $5.36 million, which constitutes about 0.12% ownership of the company.
• Several institutional investors have also recently increased their stakes in Brookfield Infrastructure, indicating growing interest as they now own over 70% of the company's shares.
• Brookfield Infrastructure recently announced a quarterly dividend of $0.43 per share, translating to an annual yield of 4.4%, despite a high dividend payout ratio of 119.44%.

Deutsche Bank AG purchased a new position in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 148,139 shares of the company's stock, valued at approximately $5,361,000. Deutsche Bank AG owned 0.12% of Brookfield Infrastructure at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BIPC. First PREMIER Bank bought a new position in shares of Brookfield Infrastructure in the first quarter worth approximately $30,000. Trust Co. of Vermont bought a new position in shares of Brookfield Infrastructure during the first quarter worth $34,000. First Horizon Advisors Inc. boosted its position 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 acquiring an additional 611 shares during the last quarter. Transce3nd LLC bought a new position in shares of Brookfield Infrastructure during the fourth quarter worth $46,000. Finally, Fifth Third Bancorp boosted its position in shares of Brookfield Infrastructure by 79.1% during the first quarter. Fifth Third Bancorp now owns 1,501 shares of the company's stock worth $54,000 after acquiring an additional 663 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Performance

BIPC stock traded down $0.09 during trading on Thursday, hitting $38.92. 465,430 shares of the company's stock traded hands, compared to its average volume of 645,167. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29. The business has a fifty day simple moving average of $40.80 and a 200 day simple moving average of $39.09. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 27.03 and a beta of 1.39.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 4.4%. Brookfield Infrastructure's dividend payout ratio (DPR) is 119.44%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Brookfield Infrastructure from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th.

About Brookfield Infrastructure

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.