38,640 Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC) Bought by LDR Capital Management LLC

LDR Capital Management LLC bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 38,640 shares of the company's stock, valued at approximately $1,363,000.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Brookfield Infrastructure by 0.9% in the 3rd quarter. FMR LLC now owns 10,107,345 shares of the company's stock worth $357,194,000 after acquiring an additional 93,628 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Brookfield Infrastructure by 2.7% during the 2nd quarter. BlackRock Inc. now owns 5,463,158 shares of the company's stock valued at $249,011,000 after purchasing an additional 143,907 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Brookfield Infrastructure by 22.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company's stock valued at $172,754,000 after purchasing an additional 911,454 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Brookfield Infrastructure by 6.9% during the 3rd quarter. Royal Bank of Canada now owns 2,980,004 shares of the company's stock valued at $105,313,000 after purchasing an additional 193,611 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Brookfield Infrastructure by 22.7% during the 3rd quarter. Brown Advisory Inc. now owns 2,126,621 shares of the company's stock valued at $75,155,000 after purchasing an additional 393,127 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Up 1.9 %

Shares of BIPC traded up $0.63 during trading hours on Friday, reaching $33.65. 587,276 shares of the company traded hands, compared to its average volume of 509,366. The company's fifty day moving average price is $34.95 and its two-hundred day moving average price is $33.70. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 23.37 and a beta of 1.38. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $48.23.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.405 per share. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.81%. Brookfield Infrastructure's payout ratio is presently 112.50%.

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.

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