Investment Partners Asset Management Inc. purchased a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,328 shares of the company's stock, valued at approximately $265,000.
A number of other hedge funds also recently bought and sold shares of BIPC. J.Safra Asset Management Corp increased its stake in shares of Brookfield Infrastructure by 55.0% during the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after buying an additional 274 shares during the period. Jones Financial Companies Lllp increased its position in shares of Brookfield Infrastructure by 217.8% in the 4th 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. Transce3nd LLC purchased a new stake in shares of Brookfield Infrastructure in the 4th quarter valued at approximately $46,000. Allworth Financial LP raised its holdings in shares of Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after purchasing an additional 396 shares in the last quarter. Finally, Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure during the 4th quarter worth $69,000. Institutional investors and hedge funds own 70.38% of the company's stock.
Brookfield Infrastructure Trading Up 0.6%
NASDAQ:BIPC traded up $0.26 during trading hours on Thursday, hitting $41.81. The company's stock had a trading volume of 398,194 shares, compared to its average volume of 549,775. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $45.29. The stock has a market capitalization of $4.98 billion, a P/E ratio of 29.03 and a beta of 1.38. The stock has a fifty day moving average of $37.93 and a 200-day moving average of $39.09.
Brookfield Infrastructure Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.11%. Brookfield Infrastructure's dividend payout ratio is presently 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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