Avalon Trust Co Boosts Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Avalon Trust Co raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 0.16% of Brookfield Infrastructure worth $7,697,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp increased its position in Brookfield Infrastructure by 55.0% in the fourth 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. Jones Financial Companies Lllp increased its holdings in Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after acquiring an additional 758 shares during the last quarter. Allworth Financial LP raised its stake in Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after acquiring an additional 396 shares during the period. Morgan Dempsey Capital Management LLC lifted its holdings in Brookfield Infrastructure by 34.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock valued at $73,000 after purchasing an additional 460 shares during the last quarter. Finally, M&T Bank Corp bought a new position in Brookfield Infrastructure during the third quarter worth about $204,000. Institutional investors own 70.38% of the company's stock.

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Brookfield Infrastructure Trading Up 0.6 %

Shares of BIPC stock traded up $0.21 during trading on Tuesday, reaching $35.48. 417,325 shares of the company's stock traded hands, compared to its average volume of 517,043. The firm's 50-day moving average is $40.07 and its 200 day moving average is $41.21. The company has a market capitalization of $4.22 billion, a P/E ratio of 24.65 and a beta of 1.48. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.43 dividend. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 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.