Rice Partnership LLC Acquires 11,913 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Rice Partnership LLC lifted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,525 shares of the company's stock after purchasing an additional 11,913 shares during the period. Rice Partnership LLC owned about 0.11% of Brookfield Infrastructure worth $4,796,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position 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 buying an additional 758 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Brookfield Infrastructure by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company's stock worth $25,371,000 after purchasing an additional 4,689 shares during the last quarter. Atria Investments Inc increased its position in shares of Brookfield Infrastructure by 32.8% in the fourth quarter. Atria Investments Inc now owns 21,038 shares of the company's stock worth $842,000 after purchasing an additional 5,200 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Brookfield Infrastructure by 1,684.0% in the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock worth $29,671,000 after purchasing an additional 700,108 shares during the last quarter. Finally, Truvestments Capital LLC increased its position in shares of Brookfield Infrastructure by 6.8% in the fourth quarter. Truvestments Capital LLC now owns 76,855 shares of the company's stock worth $3,075,000 after purchasing an additional 4,917 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Trading Up 1.0%

BIPC stock opened at $42.87 on Friday. The company's 50 day moving average is $40.00 and its 200 day moving average is $38.96. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 29.77 and a beta of 1.37. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Infrastructure's dividend payout ratio is currently 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.

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