9,941 Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC) Purchased by BankPlus Wealth Management LLC

BankPlus Wealth Management LLC acquired a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,941 shares of the company's stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BIPC. Sei Investments Co. lifted its holdings in shares of Brookfield Infrastructure by 9.9% during the second quarter. Sei Investments Co. now owns 54,331 shares of the company's stock valued at $1,829,000 after acquiring an additional 4,907 shares during the period. Xponance Inc. lifted its holdings in shares of Brookfield Infrastructure by 4.4% during the second quarter. Xponance Inc. now owns 7,614 shares of the company's stock valued at $256,000 after acquiring an additional 322 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of Brookfield Infrastructure by 424.1% during the second quarter. Cubist Systematic Strategies LLC now owns 21,069 shares of the company's stock valued at $709,000 after acquiring an additional 27,569 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Brookfield Infrastructure by 42.3% during the second quarter. Mackenzie Financial Corp now owns 85,786 shares of the company's stock valued at $2,888,000 after acquiring an additional 25,515 shares during the period. Finally, Clearbridge Investments LLC bought a new position in shares of Brookfield Infrastructure during the second quarter valued at $12,632,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Price Performance

Shares of NASDAQ:BIPC traded down $0.29 during midday trading on Friday, reaching $41.73. The company's stock had a trading volume of 520,037 shares, compared to its average volume of 504,226. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The company has a market capitalization of $4.97 billion, a P/E ratio of 28.98 and a beta of 1.47. The business's fifty day simple moving average is $40.92 and its 200-day simple moving average is $40.87.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. 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 4.12%. Brookfield Infrastructure's dividend payout ratio (DPR) is 112.50%.

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.