Harbor Capital Advisors Inc. Buys New Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Harbor Capital Advisors Inc. bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 48,902 shares of the company's stock, valued at approximately $1,770,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 purchasing an additional 758 shares during the last quarter. Townsquare Capital LLC grew its position in Brookfield Infrastructure by 20.4% in the 4th quarter. Townsquare Capital LLC now owns 11,053 shares of the company's stock worth $442,000 after purchasing an additional 1,870 shares during the period. Rockefeller Capital Management L.P. raised its stake 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 valued at $1,531,000 after buying an additional 1,906 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Brookfield Infrastructure by 315.1% during the 4th quarter. Van ECK Associates Corp now owns 136,903 shares of the company's stock valued at $5,490,000 after buying an additional 103,920 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Brookfield Infrastructure by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock worth $228,128,000 after buying an additional 187,719 shares during the last quarter. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Up 0.6%

NASDAQ:BIPC traded up $0.26 on Thursday, hitting $41.81. The stock had a trading volume of 398,194 shares, compared to its average volume of 549,775. The business's 50-day simple moving average is $37.77 and its two-hundred day simple moving average is $39.11. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 29.03 and a beta of 1.38. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure's payout ratio is 119.44%.

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.