DAVENPORT & Co LLC Has $2.59 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

DAVENPORT & Co LLC lifted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,635 shares of the company's stock after buying an additional 22,055 shares during the period. DAVENPORT & Co LLC owned approximately 0.05% of Brookfield Infrastructure worth $2,586,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Brookfield Infrastructure by 5.7% in the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company's stock worth $540,840,000 after acquiring an additional 673,427 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in Brookfield Infrastructure by 11,621.8% during the third quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company's stock valued at $9,662,000 after acquiring an additional 220,581 shares during the period. Cibc World Market Inc. boosted its position in shares of Brookfield Infrastructure by 18.3% in the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company's stock valued at $37,364,000 after acquiring an additional 144,188 shares during the period. Barclays PLC boosted its holdings in Brookfield Infrastructure by 234.0% in the 3rd 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 period. Finally, JPMorgan Chase & Co. grew its position in Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock worth $15,787,000 after buying an additional 116,256 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC traded down $0.15 during midday trading on Friday, reaching $41.42. 481,402 shares of the company's stock were exchanged, compared to its average volume of 493,932. The firm has a market capitalization of $4.93 billion, a PE ratio of 28.77 and a beta of 1.48. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The company's 50 day simple moving average is $40.55 and its two-hundred day simple moving average is $41.00.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure's dividend payout ratio is 119.44%.

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.