JPMorgan Chase & Co. lifted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 47.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 363,506 shares of the company's stock after acquiring an additional 116,256 shares during the period. JPMorgan Chase & Co. owned 0.28% of Brookfield Infrastructure worth $15,787,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Brookfield Infrastructure in the 3rd quarter worth approximately $262,000. TD Private Client Wealth LLC boosted its holdings in shares of Brookfield Infrastructure by 132.4% during the third quarter. TD Private Client Wealth LLC now owns 19,892 shares of the company's stock worth $865,000 after purchasing an additional 11,332 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Brookfield Infrastructure in the third quarter valued at $204,000. Barclays PLC increased its stake in Brookfield Infrastructure by 234.0% in the third quarter. Barclays PLC now owns 198,571 shares of the company's stock valued at $8,622,000 after purchasing an additional 139,112 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Brookfield Infrastructure during the third quarter worth about $1,606,000. Institutional investors and hedge funds own 70.38% of the company's stock.
Brookfield Infrastructure Price Performance
NASDAQ:BIPC traded down $2.35 during mid-day trading on Friday, reaching $38.07. The company's stock had a trading volume of 532,710 shares, compared to its average volume of 565,985. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The company's fifty day simple moving average is $41.54 and its two-hundred day simple moving average is $40.28. The stock has a market cap of $4.53 billion, a P/E ratio of 26.44 and a beta of 1.47.
Brookfield Infrastructure Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.26%. 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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