American Century Companies Inc. Increases Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

American Century Companies Inc. lifted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 24.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 726,617 shares of the company's stock after purchasing an additional 142,839 shares during the quarter. American Century Companies Inc. owned 0.61% of Brookfield Infrastructure worth $29,074,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. J.Safra Asset Management Corp raised its holdings in shares of 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 in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock valued at $44,000 after purchasing an additional 758 shares during the last quarter. Allworth Financial LP grew its holdings 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 acquiring an additional 396 shares during the period. Morgan Dempsey Capital Management LLC increased its holdings in Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after purchasing an additional 460 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake 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 in the last quarter. 70.38% of the stock is currently owned by institutional investors.

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Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded down $0.68 during mid-day trading on Thursday, reaching $36.77. The stock had a trading volume of 788,874 shares, compared to its average volume of 529,080. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The stock's 50-day simple moving average is $39.09 and its 200-day simple moving average is $40.83. The firm has a market capitalization of $4.38 billion, a PE ratio of 25.53 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.43 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.68%. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.

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.