CHURCHILL MANAGEMENT Corp Purchases 8,782 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

CHURCHILL MANAGEMENT Corp grew its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,706 shares of the company's stock after buying an additional 8,782 shares during the quarter. CHURCHILL MANAGEMENT Corp owned 0.23% of Brookfield Infrastructure worth $10,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BIPC. FMR LLC grew its holdings in Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company's stock valued at $540,840,000 after purchasing an additional 673,427 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of Brookfield Infrastructure during the second quarter valued at approximately $12,632,000. Pathway Financial Advisers LLC raised its holdings in shares of Brookfield Infrastructure by 11,621.8% in the third quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company's stock worth $9,662,000 after buying an additional 220,581 shares during the period. Bank of Montreal Can raised its holdings in shares of Brookfield Infrastructure by 3.9% in the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company's stock worth $153,880,000 after buying an additional 169,892 shares during the period. Finally, Barclays PLC lifted its stake in shares of Brookfield Infrastructure by 234.0% during the 3rd quarter. Barclays PLC now owns 198,571 shares of the company's stock worth $8,622,000 after acquiring an additional 139,112 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded up $0.48 during mid-day trading on Thursday, hitting $39.95. The company's stock had a trading volume of 380,381 shares, compared to its average volume of 487,258. The company has a 50 day moving average of $41.38 and a 200-day moving average of $40.40. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The stock has a market cap of $4.76 billion, a PE ratio of 27.74 and a beta of 1.47.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure's payout ratio is presently 112.50%.

Brookfield Infrastructure Profile

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.