Stifel Financial Corp Grows Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Stifel Financial Corp grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,876 shares of the company's stock after purchasing an additional 8,173 shares during the quarter. Stifel Financial Corp owned approximately 0.13% of Brookfield Infrastructure worth $6,397,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp grew its stake in Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after buying an additional 274 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Brookfield Infrastructure by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock valued at $202,000 after acquiring an additional 312 shares during the period. Fidelis Capital Partners LLC raised its position in Brookfield Infrastructure by 5.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company's stock valued at $294,000 after purchasing an additional 367 shares during the last quarter. Mariner LLC boosted its stake in Brookfield Infrastructure by 1.4% during the 4th quarter. Mariner LLC now owns 26,031 shares of the company's stock worth $1,041,000 after purchasing an additional 370 shares during the period. Finally, Allworth Financial LP grew its position in Brookfield Infrastructure by 42.9% during the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after purchasing an additional 396 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Up 3.8 %

Shares of NASDAQ BIPC traded up $1.40 during midday trading on Friday, reaching $38.34. 475,467 shares of the company were exchanged, compared to its average volume of 523,673. The stock has a market cap of $4.56 billion, a P/E ratio of 26.63 and a beta of 1.48. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29. The stock has a fifty day simple moving average of $36.23 and a 200 day simple moving average of $39.75.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.49%. Brookfield Infrastructure's payout ratio is currently 119.44%.

About Brookfield Infrastructure

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.