Envestnet Asset Management Inc. Has $32.73 Million Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Envestnet Asset Management Inc. increased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 8.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 904,535 shares of the company's stock after acquiring an additional 73,659 shares during the quarter. Envestnet Asset Management Inc. owned 0.76% of Brookfield Infrastructure worth $32,729,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BIPC. Jones Financial Companies Lllp raised its holdings in shares of 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 acquiring an additional 758 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Brookfield Infrastructure by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company's stock valued at $25,371,000 after acquiring an additional 4,689 shares during the period. Swiss National Bank raised its holdings in shares of Brookfield Infrastructure by 0.6% during the fourth quarter. Swiss National Bank now owns 234,877 shares of the company's stock valued at $9,420,000 after acquiring an additional 1,400 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Brookfield Infrastructure by 11.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 103,308 shares of the company's stock valued at $4,133,000 after acquiring an additional 10,891 shares during the period. Finally, Natixis Advisors LLC grew its position in Brookfield Infrastructure by 8.5% during the fourth quarter. Natixis Advisors LLC now owns 84,558 shares of the company's stock valued at $3,383,000 after purchasing an additional 6,651 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $40.88 on Tuesday. The firm has a market cap of $4.87 billion, a PE ratio of 28.39 and a beta of 1.37. The firm's 50 day moving average price is $40.49 and its two-hundred day moving average price is $39.10. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a $0.43 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.21%. Brookfield Infrastructure's dividend payout ratio is presently 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.

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