Geode Capital Management LLC Raises Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Geode Capital Management LLC increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,617,912 shares of the company's stock after purchasing an additional 82,393 shares during the quarter. Geode Capital Management LLC owned 1.36% of Brookfield Infrastructure worth $66,380,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its position in shares of Brookfield Infrastructure by 240.5% in the third quarter. HighTower Advisors LLC now owns 41,574 shares of the company's stock valued at $1,807,000 after buying an additional 29,363 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Brookfield Infrastructure during the 3rd quarter worth about $229,000. Stifel Financial Corp raised its position in shares of Brookfield Infrastructure by 4.4% in the third quarter. Stifel Financial Corp now owns 151,703 shares of the company's stock valued at $6,589,000 after buying an additional 6,417 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Brookfield Infrastructure during the 3rd quarter worth $211,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Brookfield Infrastructure during the third quarter worth $1,606,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded down $0.37 during trading on Friday, hitting $35.16. The company's stock had a trading volume of 605,427 shares, compared to its average volume of 527,518. The stock's fifty day moving average is $37.41 and its 200 day moving average is $40.18. Brookfield Infrastructure Co. has a 1-year low of $29.30 and a 1-year high of $45.29. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 24.41 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Friday, February 28th. 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.