Citigroup Inc. boosted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 221.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,851 shares of the company's stock after acquiring an additional 60,538 shares during the quarter. Citigroup Inc. owned 0.07% of Brookfield Infrastructure worth $3,819,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in BIPC. Clearbridge Investments LLC purchased a new position in shares of Brookfield Infrastructure during the second quarter worth approximately $12,632,000. Wulff Hansen & CO. lifted its holdings in Brookfield Infrastructure by 2,158.9% in the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company's stock valued at $10,357,000 after acquiring an additional 294,065 shares during the period. Principal Financial Group Inc. lifted its holdings in Brookfield Infrastructure by 9.0% in the second quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company's stock valued at $96,704,000 after acquiring an additional 236,355 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Brookfield Infrastructure by 11,621.8% during the 3rd 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 last quarter. Finally, Bank of Montreal Can raised its stake in shares of Brookfield Infrastructure by 3.9% during the 2nd 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 last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Infrastructure Trading Down 1.0 %
Shares of NASDAQ:BIPC traded down $0.42 during midday trading on Wednesday, hitting $43.65. 397,638 shares of the stock were exchanged, compared to its average volume of 501,945. The stock has a market cap of $5.76 billion, a P/E ratio of 30.31 and a beta of 1.45. The company has a 50 day moving average price of $42.98 and a 200-day moving average price of $39.22. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29.
Brookfield Infrastructure Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure's dividend payout ratio is presently 112.50%.
Brookfield Infrastructure 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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