FMR LLC cut its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,790,585 shares of the company's stock after selling 662,561 shares during the quarter. FMR LLC owned 9.91% of Brookfield Infrastructure worth $471,744,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Brookfield Infrastructure during the fourth quarter valued at about $60,137,000. HighTower Advisors LLC grew its position in Brookfield Infrastructure by 1,684.0% during the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock worth $29,671,000 after acquiring an additional 700,108 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock worth $124,423,000 after acquiring an additional 376,254 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Brookfield Infrastructure by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company's stock worth $23,552,000 after buying an additional 225,143 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Brookfield Infrastructure by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock valued at $228,128,000 after buying an additional 187,719 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.
Brookfield Infrastructure Stock Performance
NASDAQ BIPC traded up $0.21 on Tuesday, reaching $35.67. The company had a trading volume of 100,304 shares, compared to its average volume of 658,441. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 24.77 and a beta of 1.48. The company's fifty day moving average is $37.77 and its 200-day moving average is $40.30.
Brookfield Infrastructure Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a $0.43 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.82%. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 119.44%.
Brookfield Infrastructure Company 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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