Squarepoint Ops LLC bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,090 shares of the company's stock, valued at approximately $724,000.
Several other institutional investors and hedge funds also recently modified their holdings of BIPC. J.Safra Asset Management Corp increased its stake in Brookfield Infrastructure by 55.0% during the 4th 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 grew its stake 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 in the last quarter. Transce3nd LLC purchased a new stake in shares of Brookfield Infrastructure during the fourth quarter worth about $46,000. Allworth Financial LP increased its position in shares of Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after acquiring an additional 396 shares during the last quarter. Finally, Dunhill Financial LLC acquired a new position in shares of Brookfield Infrastructure in the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Stock Up 0.0%
Shares of BIPC traded up $0.01 during trading on Wednesday, reaching $40.67. The company's stock had a trading volume of 750,759 shares, compared to its average volume of 546,827. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 28.24 and a beta of 1.38. The company has a fifty day moving average of $37.21 and a two-hundred day moving average of $39.19.
Brookfield Infrastructure Announces Dividend
The business also recently declared 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 4.23%. Brookfield Infrastructure's payout ratio is 119.44%.
Brookfield Infrastructure Profile
(
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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