Edgestream Partners L.P. Invests $3.73 Million in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Edgestream Partners L.P. bought a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 103,001 shares of the company's stock, valued at approximately $3,728,000. Edgestream Partners L.P. owned 0.09% of Brookfield Infrastructure at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of Brookfield Infrastructure by 8.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 904,535 shares of the company's stock valued at $32,729,000 after buying an additional 73,659 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Brookfield Infrastructure by 217.8% during 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. Townsquare Capital LLC raised its stake in Brookfield Infrastructure by 20.4% during the fourth quarter. Townsquare Capital LLC now owns 11,053 shares of the company's stock valued at $442,000 after buying an additional 1,870 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Brookfield Infrastructure by 5.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company's stock worth $1,531,000 after buying an additional 1,906 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Brookfield Infrastructure in the 1st quarter worth approximately $660,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Stock Up 3.1%

Shares of NASDAQ:BIPC traded up $1.28 during trading on Wednesday, hitting $42.32. 626,330 shares of the company traded hands, compared to its average volume of 552,862. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 29.39 and a beta of 1.37. The business's fifty day moving average is $40.55 and its 200-day moving average is $39.11. Brookfield Infrastructure Co. has a one year low of $32.08 and a one year high of $45.29.

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 issued a dividend of $0.43 per share. The ex-dividend date was Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.06%. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.

Brookfield Infrastructure Profile

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.