Commonwealth Equity Services LLC Acquires 10,891 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Commonwealth Equity Services LLC grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,308 shares of the company's stock after purchasing an additional 10,891 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.09% of Brookfield Infrastructure worth $4,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J.Safra Asset Management Corp raised its stake in Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after purchasing an additional 274 shares during the period. Jones Financial Companies Lllp raised its position in shares of Brookfield Infrastructure by 217.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock valued at $44,000 after buying an additional 758 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after buying an additional 396 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its holdings in shares of Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after buying an additional 460 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Brookfield Infrastructure during the third quarter worth $204,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

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Brookfield Infrastructure Stock Up 1.6 %

NASDAQ BIPC traded up $0.59 on Thursday, reaching $36.78. The company had a trading volume of 657,323 shares, compared to its average volume of 525,550. The firm's 50 day moving average price is $39.55 and its 200 day moving average price is $40.99. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The stock has a market capitalization of $4.38 billion, a PE ratio of 25.54 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 4.68%. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.

Brookfield Infrastructure Company 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.