Lord Abbett & CO. LLC Acquires 22,000 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Lord Abbett & CO. LLC grew its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,417 shares of the company's stock after purchasing an additional 22,000 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.09% of Brookfield Infrastructure worth $4,270,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Brookfield Infrastructure by 20.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,145 shares of the company's stock valued at $1,887,000 after acquiring an additional 7,922 shares during the last quarter. ClearAlpha Technologies LP boosted its position in shares of Brookfield Infrastructure by 22.3% in the 4th quarter. ClearAlpha Technologies LP now owns 15,899 shares of the company's stock worth $636,000 after purchasing an additional 2,897 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Brookfield Infrastructure by 5.4% during the fourth quarter. Stifel Financial Corp now owns 159,876 shares of the company's stock worth $6,397,000 after purchasing an additional 8,173 shares during the period. State of Tennessee Department of Treasury increased its holdings in Brookfield Infrastructure by 14.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 112,962 shares of the company's stock valued at $4,520,000 after purchasing an additional 14,328 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Brookfield Infrastructure by 3.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,024,923 shares of the company's stock valued at $40,593,000 after buying an additional 37,503 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock traded up $1.40 during trading on Friday, hitting $38.34. 475,467 shares of the company were exchanged, compared to its average volume of 523,673. The firm has a market capitalization of $4.56 billion, a P/E ratio of 26.63 and a beta of 1.48. The firm's fifty day moving average price is $36.23 and its 200 day moving average price is $39.75. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.

About Brookfield Infrastructure

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.