Empowered Funds LLC Takes $1.83 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Empowered Funds LLC acquired a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 45,830 shares of the company's stock, valued at approximately $1,834,000.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in shares of Brookfield Infrastructure by 6.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock worth $202,000 after purchasing an additional 312 shares during the last quarter. Signaturefd LLC boosted its stake in Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company's stock valued at $177,000 after buying an additional 363 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Brookfield Infrastructure by 1.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company's stock valued at $1,579,000 after buying an additional 364 shares in the last quarter. Hedeker Wealth LLC increased its stake in Brookfield Infrastructure by 4.6% in the 3rd quarter. Hedeker Wealth LLC now owns 9,533 shares of the company's stock worth $414,000 after acquiring an additional 423 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Brookfield Infrastructure by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,924 shares of the company's stock worth $648,000 after acquiring an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Trading Down 0.5 %

Shares of BIPC stock traded down $0.20 on Wednesday, reaching $42.51. The company's stock had a trading volume of 584,257 shares, compared to its average volume of 495,953. The stock's fifty day simple moving average is $40.27 and its 200-day simple moving average is $41.19. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 29.52 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure's dividend payout ratio (DPR) 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.