Virtu Financial LLC Takes $317,000 Position in Brookfield Infrastructure Co. (NYSE:BIPC)

Key Points

• Virtu Financial LLC acquired $317,000 in shares of Brookfield Infrastructure Co., purchasing a total of 8,747 shares in the first quarter.
• Brookfield Infrastructure has experienced significant interest from institutional investors, with 70.38% of its stock owned by hedge funds and other large investors.
• The company declared a quarterly dividend of $0.43 per share, representing a 4.4% dividend yield and a high dividend payout ratio of 119.44%.

Virtu Financial LLC purchased a new stake in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,747 shares of the company's stock, valued at approximately $317,000.

A number of other large investors have also made changes to their positions in the stock. Invesco Ltd. grew its stake in Brookfield Infrastructure by 24.0% in the 1st quarter. Invesco Ltd. now owns 102,866 shares of the company's stock valued at $3,723,000 after acquiring an additional 19,887 shares during the last quarter. Townsquare Capital LLC grew its stake in Brookfield Infrastructure by 8.8% in the 1st quarter. Townsquare Capital LLC now owns 12,022 shares of the company's stock valued at $435,000 after acquiring an additional 969 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in Brookfield Infrastructure by 1.4% in the 1st quarter. Maryland State Retirement & Pension System now owns 151,539 shares of the company's stock valued at $5,484,000 after acquiring an additional 2,129 shares during the last quarter. Deutsche Bank AG acquired a new stake in Brookfield Infrastructure in the 1st quarter valued at about $5,361,000. Finally, Avalon Trust Co grew its stake in Brookfield Infrastructure by 1.8% in the 1st quarter. Avalon Trust Co now owns 195,835 shares of the company's stock valued at $7,087,000 after acquiring an additional 3,463 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Brookfield Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $38.73 on Friday. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $45.29. The stock has a market capitalization of $4.61 billion, a P/E ratio of 26.90 and a beta of 1.39. The firm's 50-day moving average is $41.00 and its two-hundred day moving average is $39.16.

Brookfield Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Infrastructure's dividend payout ratio (DPR) 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.

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