Avalon Trust Co Has $7.70 Million Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Avalon Trust Co boosted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 192,372 shares of the company's stock after acquiring an additional 8,506 shares during the quarter. Avalon Trust Co owned 0.16% of Brookfield Infrastructure worth $7,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its position in Brookfield Infrastructure by 5.7% during the third quarter. FMR LLC now owns 12,453,146 shares of the company's stock worth $540,840,000 after purchasing an additional 673,427 shares during the period. Principal Financial Group Inc. lifted its position in Brookfield Infrastructure by 13.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock worth $124,423,000 after acquiring an additional 376,254 shares during the last quarter. Cibc World Market Inc. boosted its holdings in Brookfield Infrastructure by 18.3% during the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company's stock valued at $37,364,000 after acquiring an additional 144,188 shares during the period. HighTower Advisors LLC increased its stake in shares of Brookfield Infrastructure by 1,684.0% in the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock worth $29,671,000 after purchasing an additional 700,108 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Brookfield Infrastructure by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company's stock worth $25,371,000 after purchasing an additional 4,689 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

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Brookfield Infrastructure Stock Up 1.2 %

NASDAQ BIPC traded up $0.42 during trading on Wednesday, hitting $35.94. The company's stock had a trading volume of 257,844 shares, compared to its average volume of 517,140. The firm has a 50 day moving average price of $39.96 and a 200 day moving average price of $41.17. The firm has a market cap of $4.28 billion, a P/E ratio of 25.01 and a beta of 1.48. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.79%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio is 119.44%.

Brookfield Infrastructure Company 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.