BankPlus Trust Department Takes $1.05 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

BankPlus Trust Department bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 26,337 shares of the company's stock, valued at approximately $1,054,000.

Several other large investors have also recently bought and sold shares of BIPC. Allworth Financial LP grew its position in Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after buying an additional 396 shares in the last quarter. Covestor Ltd grew its holdings in shares of Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company's stock worth $148,000 after purchasing an additional 1,329 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company's stock worth $177,000 after purchasing an additional 363 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Brookfield Infrastructure by 6.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock worth $202,000 after purchasing an additional 312 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in Brookfield Infrastructure in the third quarter valued at approximately $204,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Down 0.6 %

Shares of NASDAQ:BIPC traded down $0.25 during trading on Thursday, reaching $40.19. The company had a trading volume of 441,444 shares, compared to its average volume of 500,418. The company has a fifty day moving average of $40.49 and a two-hundred day moving average of $41.37. The stock has a market capitalization of $4.78 billion, a P/E ratio of 27.91 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.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 4.28%. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's 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.