Avalon Trust Co lifted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,372 shares of the company's stock after buying an additional 8,506 shares during the period. Avalon Trust Co owned approximately 0.16% of Brookfield Infrastructure worth $7,697,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Citigroup Inc. boosted its position in Brookfield Infrastructure by 221.6% in the third quarter. Citigroup Inc. now owns 87,851 shares of the company's stock worth $3,819,000 after purchasing an additional 60,538 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Brookfield Infrastructure by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock worth $15,787,000 after purchasing an additional 116,256 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Brookfield Infrastructure in the 3rd quarter worth about $262,000. HighTower Advisors LLC grew its position in Brookfield Infrastructure by 240.5% during the third quarter. HighTower Advisors LLC now owns 41,574 shares of the company's stock valued at $1,807,000 after buying an additional 29,363 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Brookfield Infrastructure during the third quarter worth about $668,000. 70.38% of the stock is owned by institutional investors.
Brookfield Infrastructure Stock Performance
BIPC stock traded down $0.41 during mid-day trading on Thursday, hitting $35.65. The company had a trading volume of 765,036 shares, compared to its average volume of 520,722. The firm has a market cap of $4.24 billion, a PE ratio of 24.75 and a beta of 1.48. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The stock's fifty day moving average price is $39.88 and its two-hundred day moving average price is $41.14.
Brookfield Infrastructure Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.43 dividend. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 4.83%. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.
Brookfield Infrastructure Company Profile
(
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.
See Also
Before you consider Brookfield Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Infrastructure wasn't on the list.
While Brookfield Infrastructure currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
