Raymond James & Associates Grows Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Raymond James & Associates grew its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,178 shares of the company's stock after purchasing an additional 41,192 shares during the quarter. Raymond James & Associates owned approximately 0.15% of Brookfield Infrastructure worth $7,203,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Brookfield Infrastructure in the 4th quarter valued at about $43,419,000. Vanguard Group Inc. grew its position in shares of Brookfield Infrastructure by 22.9% in the third 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 during the last quarter. Alpine Associates Management Inc. bought a new position in shares of Brookfield Infrastructure during the third quarter worth approximately $26,840,000. Capital Research Global Investors acquired a new stake in Brookfield Infrastructure during the 1st quarter worth approximately $49,813,000. Finally, State Street Corp boosted its stake in Brookfield Infrastructure by 55.7% in the 2nd quarter. State Street Corp now owns 1,426,876 shares of the company's stock valued at $60,642,000 after purchasing an additional 510,469 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC traded down $0.27 on Monday, reaching $33.40. The stock had a trading volume of 558,403 shares, compared to its average volume of 510,097. The firm has a fifty day moving average of $34.95 and a two-hundred day moving average of $33.65. Brookfield Infrastructure Co. has a 1-year low of $25.48 and a 1-year high of $48.23. The company has a market cap of $4.41 billion, a P/E ratio of 23.38 and a beta of 1.38.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 4.85%. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 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.