Sequoia Financial Advisors LLC Makes New $2.86 Million Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sequoia Financial Advisors LLC bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 78,927 shares of the company's stock, valued at approximately $2,856,000. Sequoia Financial Advisors LLC owned approximately 0.07% of Brookfield Infrastructure as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BIPC. J.Safra Asset Management Corp boosted its holdings in Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after acquiring an additional 274 shares during the last quarter. First PREMIER Bank bought a new position in shares of Brookfield Infrastructure during the first quarter valued at $30,000. Jones Financial Companies Lllp boosted its position in Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after purchasing an additional 758 shares during the last quarter. Transce3nd LLC bought a new stake in Brookfield Infrastructure during the 4th quarter valued at approximately $46,000. Finally, Fifth Third Bancorp increased its position in shares of Brookfield Infrastructure by 79.1% during the 1st quarter. Fifth Third Bancorp now owns 1,501 shares of the company's stock valued at $54,000 after purchasing an additional 663 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Trading Down 0.5%

Shares of BIPC stock traded down $0.19 during mid-day trading on Monday, reaching $41.60. The stock had a trading volume of 946,141 shares, compared to its average volume of 547,871. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29. The business's fifty day moving average is $39.34 and its 200-day moving average is $38.84. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 28.89 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

The firm 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 4.13%. 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.