MetLife Investment Management LLC Buys 34,387 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

MetLife Investment Management LLC boosted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 90.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,333 shares of the company's stock after purchasing an additional 34,387 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Brookfield Infrastructure worth $2,894,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. J.Safra Asset Management Corp lifted its position in Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after buying an additional 274 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after acquiring an additional 758 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Brookfield Infrastructure by 42.9% during the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after purchasing an additional 396 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake in shares of Brookfield Infrastructure by 34.0% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after purchasing an additional 460 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Brookfield Infrastructure by 343.4% during the fourth quarter. NewEdge Advisors LLC now owns 2,656 shares of the company's stock valued at $106,000 after buying an additional 2,057 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

BIPC stock traded up $1.06 during midday trading on Friday, reaching $38.00. The company's stock had a trading volume of 151,894 shares, compared to its average volume of 523,436. Brookfield Infrastructure Co. has a 1 year low of $31.28 and a 1 year high of $45.29. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 26.39 and a beta of 1.48. The stock has a fifty day simple moving average of $36.28 and a two-hundred day simple moving average of $39.80.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, May 30th. 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.