8,747 Shares in Brookfield Infrastructure Co. $BIPC Acquired by Virtu Financial LLC

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) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,747 shares of the company's stock, valued at approximately $317,000.

Other large investors also recently made changes to their positions in the company. First PREMIER Bank acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $30,000. Trust Co. of Vermont acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its stake in shares of Brookfield Infrastructure by 104.1% in the first quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company's stock valued at $43,000 after purchasing an additional 611 shares during the period. Transce3nd LLC acquired a new stake in shares of Brookfield Infrastructure in the fourth quarter valued at approximately $46,000. Finally, Fifth Third Bancorp increased its stake in shares of Brookfield Infrastructure by 79.1% in the first 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 period. Institutional investors and hedge funds own 70.38% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Brookfield Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th.

Brookfield Infrastructure Price Performance

Shares of NYSE BIPC traded down $0.09 during mid-day trading on Thursday, reaching $38.92. 465,430 shares of the company traded hands, compared to its average volume of 645,167. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $45.29. The firm has a market cap of $4.63 billion, a PE ratio of 27.03 and a beta of 1.39. The stock has a fifty day simple moving average of $40.80 and a 200-day simple moving average of $39.09.

Brookfield Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date 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.