XTX Topco Ltd Invests $769,000 in Brookfield Infrastructure Co. (NYSE:BIPC)

Key Points

• XTX Topco Ltd made a significant investment in Brookfield Infrastructure Co. by acquiring 21,244 shares valued at approximately $769,000.
• Brookfield Infrastructure recently announced a $0.43 quarterly dividend, resulting in an annualized dividend of $1.72 with a yield of 4.4%.
• Wall Street analysts upgraded Brookfield Infrastructure from a "hold" to a "buy" rating based on recent performance and potential.

XTX Topco Ltd bought a new position 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 bought 21,244 shares of the company's stock, valued at approximately $769,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Brookfield Infrastructure by 2.7% in the first quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock worth $115,624,000 after acquiring an additional 85,121 shares during the period. Brown Advisory Inc. purchased a new stake in Brookfield Infrastructure in the first quarter worth $107,741,000. Geode Capital Management LLC lifted its stake in Brookfield Infrastructure by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 1,617,912 shares of the company's stock worth $66,380,000 after acquiring an additional 82,393 shares during the period. TD Asset Management Inc lifted its stake in Brookfield Infrastructure by 11.9% in the first quarter. TD Asset Management Inc now owns 1,297,388 shares of the company's stock worth $46,910,000 after acquiring an additional 137,537 shares during the period. Finally, Scotia Capital Inc. lifted its stake in Brookfield Infrastructure by 3.7% in the fourth quarter. Scotia Capital Inc. now owns 1,247,007 shares of the company's stock worth $49,453,000 after acquiring an additional 44,627 shares during the period. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Up 1.8%

Shares of BIPC stock opened at $39.11 on Tuesday. The stock has a fifty day moving average of $41.07 and a 200 day moving average of $39.24. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 27.16 and a beta of 1.39.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 4.4%. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 119.44%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Brookfield Infrastructure from a "hold" rating to a "buy" rating in a research note on Sunday, July 6th.

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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