Brookfield Infrastructure Co. (NASDAQ:BIPC - Get Free Report)'s stock price rose 3.1% on Monday . The stock traded as high as $39.40 and last traded at $39.38. Approximately 82,433 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 497,861 shares. The stock had previously closed at $38.20.
Brookfield Infrastructure Price Performance
The stock has a market cap of $5.26 billion, a P/E ratio of 27.65 and a beta of 1.45. The stock has a 50-day simple moving average of $42.17 and a 200-day simple moving average of $39.89.
Brookfield Infrastructure Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 112.50%.
Hedge Funds Weigh In On Brookfield Infrastructure
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xponance Inc. lifted its stake in shares of Brookfield Infrastructure by 4.4% in the 2nd 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 last quarter. Signaturefd LLC raised its position in Brookfield Infrastructure by 9.8% in the third 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 last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Brookfield Infrastructure by 1.0% during the third quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company's stock valued at $1,579,000 after purchasing an additional 364 shares in the last quarter. Hedeker Wealth LLC grew its holdings in shares of Brookfield Infrastructure by 4.6% during the third quarter. Hedeker Wealth LLC now owns 9,533 shares of the company's stock worth $414,000 after purchasing an additional 423 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Brookfield Infrastructure by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,924 shares of the company's stock valued at $648,000 after buying an additional 493 shares during the period. Institutional investors own 70.38% of the company's stock.
About Brookfield Infrastructure
(
Get 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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