Barclays PLC boosted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 234.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,571 shares of the company's stock after purchasing an additional 139,112 shares during the quarter. Barclays PLC owned approximately 0.15% of Brookfield Infrastructure worth $8,622,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in Brookfield Infrastructure by 11.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company's stock valued at $93,000 after buying an additional 288 shares in the last quarter. Covestor Ltd raised its holdings in 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. Toth Financial Advisory Corp lifted its position in Brookfield Infrastructure by 111.6% in the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company's stock worth $156,000 after purchasing an additional 1,900 shares during the period. Gryphon Financial Partners LLC bought a new position in Brookfield Infrastructure during the 2nd quarter valued at $136,000. Finally, Signaturefd LLC increased its position in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company's stock valued at $177,000 after purchasing an additional 363 shares during the period. 70.38% of the stock is currently owned by institutional investors.
Brookfield Infrastructure Stock Performance
Shares of NASDAQ BIPC traded down $0.82 during trading on Wednesday, hitting $38.54. The company had a trading volume of 181,645 shares, compared to its average volume of 495,736. The company has a market cap of $5.09 billion, a P/E ratio of 27.33 and a beta of 1.45. The business's 50-day moving average is $42.86 and its 200 day moving average is $39.67. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29.
Brookfield Infrastructure Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure's payout ratio is 112.50%.
About Brookfield Infrastructure
(
Free Report)
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.
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