First Trust Advisors LP Buys New Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

First Trust Advisors LP bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 31,744 shares of the company's stock, valued at approximately $1,274,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Brookfield Infrastructure by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock valued at $228,128,000 after acquiring an additional 187,719 shares during the period. Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock worth $124,423,000 after purchasing an additional 376,254 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $66,380,000 after buying an additional 82,393 shares during the last quarter. Norges Bank acquired a new position in Brookfield Infrastructure in the 4th quarter worth approximately $60,137,000. Finally, Scotia Capital Inc. lifted its position in Brookfield Infrastructure by 3.7% during the fourth quarter. Scotia Capital Inc. now owns 1,247,007 shares of the company's stock valued at $49,453,000 after purchasing an additional 44,627 shares during the period. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

BIPC stock traded down $0.04 during midday trading on Friday, hitting $38.77. 486,904 shares of the stock traded hands, compared to its average volume of 524,081. The firm has a market cap of $4.61 billion, a P/E ratio of 26.92 and a beta of 1.38. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29. The stock's fifty day simple moving average is $36.10 and its 200-day simple moving average is $39.57.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio (DPR) is 119.44%.

Brookfield Infrastructure Company 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.