Brookfield Infrastructure Co. (NASDAQ:BIPC - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 1,051,160 shares were traded during trading, an increase of 102% from the previous session's volume of 521,035 shares.The stock last traded at $31.22 and had previously closed at $31.71.
Brookfield Infrastructure Price Performance
The stock's 50-day moving average is $34.68 and its 200 day moving average is $33.57. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 21.50 and a beta of 1.38.
Brookfield Infrastructure Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.38. Brookfield Infrastructure's dividend payout ratio is currently 112.50%.
Hedge Funds Weigh In On Brookfield Infrastructure
A number of large investors have recently made changes to their positions in BIPC. Paragon Capital Management Ltd grew its holdings in shares of Brookfield Infrastructure by 10.8% in the 1st quarter. Paragon Capital Management Ltd now owns 127,388 shares of the company's stock worth $4,591,000 after acquiring an additional 12,402 shares during the period. Lantz Financial LLC raised its stake in shares of Brookfield Infrastructure by 1.5% during the 1st quarter. Lantz Financial LLC now owns 42,729 shares of the company's stock worth $1,540,000 after buying an additional 649 shares during the last quarter. MADDEN SECURITIES Corp boosted its position in shares of Brookfield Infrastructure by 2.1% in the 1st quarter. MADDEN SECURITIES Corp now owns 52,327 shares of the company's stock worth $1,886,000 after buying an additional 1,060 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in shares of Brookfield Infrastructure in the 1st quarter worth about $89,710,000. Finally, PNC Financial Services Group Inc. grew its stake in Brookfield Infrastructure by 10.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,455 shares of the company's stock valued at $439,000 after acquiring an additional 1,169 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.
About Brookfield Infrastructure
(
Get Free Report)
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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