Hamilton Point Investment Advisors LLC Invests $3.39 Million in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Hamilton Point Investment Advisors LLC acquired a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 96,067 shares of the company's stock, valued at approximately $3,389,000. Hamilton Point Investment Advisors LLC owned about 0.07% of Brookfield Infrastructure as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BIPC. Allworth Financial LP grew its holdings in Brookfield Infrastructure by 169.8% during the fourth quarter. Allworth Financial LP now owns 707 shares of the company's stock valued at $25,000 after purchasing an additional 445 shares during the period. Lazard Asset Management LLC bought a new position in Brookfield Infrastructure during the third quarter valued at $27,000. Washington Trust Advisors Inc. grew its holdings in Brookfield Infrastructure by 125.1% during the third quarter. Washington Trust Advisors Inc. now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 519 shares during the period. Point72 Asset Management L.P. bought a new position in Brookfield Infrastructure during the fourth quarter valued at $34,000. Finally, First Horizon Advisors Inc. grew its holdings in Brookfield Infrastructure by 92.5% during the first quarter. First Horizon Advisors Inc. now owns 978 shares of the company's stock valued at $45,000 after purchasing an additional 470 shares during the period. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

NASDAQ BIPC traded down $0.72 on Monday, hitting $29.34. 1,231,739 shares of the stock traded hands, compared to its average volume of 544,426. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $48.23. The business's fifty day moving average is $34.56 and its two-hundred day moving average is $33.47. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 20.88 and a beta of 1.38.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.405 dividend. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.38. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 112.50%.

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.

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