Brookfield Infrastructure (NASDAQ:BIPC) Stock Price Up 3.1%

Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Get Free Report) shot up 3.1% on Wednesday . The company traded as high as $29.79 and last traded at $29.79. 499,557 shares changed hands during trading, a decline of 10% from the average session volume of 554,017 shares. The stock had previously closed at $28.90.

Brookfield Infrastructure Stock Performance

The business has a 50 day moving average of $34.28 and a two-hundred day moving average of $33.38. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 20.79 and a beta of 1.38.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a dividend of $0.405 per share. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.38. This represents a $1.62 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Infrastructure's dividend payout ratio is 112.50%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Brookfield Infrastructure by 169.8% during the 4th quarter. Allworth Financial LP now owns 707 shares of the company's stock worth $25,000 after buying an additional 445 shares during the period. Lazard Asset Management LLC acquired a new position in Brookfield Infrastructure during the 3rd quarter worth approximately $27,000. Washington Trust Advisors Inc. raised its stake in shares of Brookfield Infrastructure by 125.1% in the third quarter. Washington Trust Advisors Inc. now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 519 shares during the last quarter. Heritage Wealth Advisors purchased a new stake in shares of Brookfield Infrastructure in the fourth quarter worth approximately $33,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Brookfield Infrastructure in the fourth quarter worth approximately $34,000. 70.38% of the stock is owned by institutional investors and hedge funds.

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.