Hedeker Wealth LLC boosted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 148.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,696 shares of the company's stock after purchasing an additional 14,163 shares during the period. Hedeker Wealth LLC's holdings in Brookfield Infrastructure were worth $948,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in BIPC. Citigroup Inc. increased its stake in shares of Brookfield Infrastructure by 221.6% in the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company's stock valued at $3,819,000 after acquiring an additional 60,538 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock worth $15,787,000 after acquiring an additional 116,256 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Brookfield Infrastructure in the 3rd quarter worth about $262,000. HighTower Advisors LLC raised its stake in Brookfield Infrastructure by 240.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,574 shares of the company's stock valued at $1,807,000 after acquiring an additional 29,363 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Brookfield Infrastructure during the 3rd quarter worth about $668,000. 70.38% of the stock is owned by institutional investors.
Brookfield Infrastructure Price Performance
BIPC stock traded down $0.10 during midday trading on Monday, reaching $41.35. The company had a trading volume of 326,448 shares, compared to its average volume of 487,062. The firm has a 50-day moving average price of $40.55 and a 200-day moving average price of $41.04. The company has a market capitalization of $4.92 billion, a P/E ratio of 28.71 and a beta of 1.48. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29.
Brookfield Infrastructure Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.16%. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 119.44%.
Brookfield Infrastructure Company Profile
(
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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