XTX Topco Ltd Acquires Shares of 21,244 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 purchased a new position in shares of Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,244 shares of the company's stock, valued at approximately $769,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Brookfield Infrastructure by 2.7% during the first quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock worth $115,624,000 after purchasing an additional 85,121 shares in the last quarter. Brown Advisory Inc. purchased a new stake in Brookfield Infrastructure during the first quarter worth $107,741,000. Geode Capital Management LLC boosted its position in Brookfield Infrastructure by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 1,617,912 shares of the company's stock worth $66,380,000 after purchasing an additional 82,393 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of 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 last quarter. Finally, Scotia Capital Inc. raised its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Analyst Upgrades and Downgrades

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

Brookfield Infrastructure Trading Down 0.5%

Shares of NYSE BIPC traded down $0.18 during trading on Friday, reaching $39.54. The company had a trading volume of 235,068 shares, compared to its average volume of 647,715. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The stock has a market capitalization of $4.71 billion, a PE ratio of 27.46 and a beta of 1.39. The stock has a 50-day moving average price of $41.09 and a two-hundred day moving average price of $39.24.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, August 29th. Brookfield Infrastructure's dividend payout ratio is presently 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.