Barclays PLC Grows Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Barclays PLC increased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,089 shares of the company's stock after purchasing an additional 16,518 shares during the period. Barclays PLC owned approximately 0.18% of Brookfield Infrastructure worth $8,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BIPC. MML Investors Services LLC purchased a new stake in shares of Brookfield Infrastructure in the third quarter worth about $211,000. Sanctuary Advisors LLC purchased a new stake in Brookfield Infrastructure in the 3rd quarter worth approximately $262,000. JPMorgan Chase & Co. grew 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. Baker Tilly Wealth Management LLC increased its holdings in shares of Brookfield Infrastructure by 20.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 9,379 shares of the company's stock valued at $375,000 after purchasing an additional 1,584 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp lifted its stake in shares of Brookfield Infrastructure by 3.3% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 273,706 shares of the company's stock valued at $10,951,000 after purchasing an additional 8,782 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

NASDAQ BIPC traded up $0.10 during mid-day trading on Friday, reaching $36.34. 417,723 shares of the stock were exchanged, compared to its average volume of 525,968. The company has a market capitalization of $4.33 billion, a P/E ratio of 25.24 and a beta of 1.48. The business's 50 day moving average is $36.72 and its 200-day moving average is $39.92. Brookfield Infrastructure Co. has a 1 year low of $29.30 and a 1 year high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost 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 4.73%. Brookfield Infrastructure's dividend payout ratio (DPR) is 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.