Hamilton Point Investment Advisors LLC Raises Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Hamilton Point Investment Advisors LLC raised its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,563 shares of the company's stock after acquiring an additional 7,880 shares during the quarter. Hamilton Point Investment Advisors LLC owned approximately 0.09% of Brookfield Infrastructure worth $4,384,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of Brookfield Infrastructure by 9.9% during the second quarter. Sei Investments Co. now owns 54,331 shares of the company's stock worth $1,829,000 after buying an additional 4,907 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in Brookfield Infrastructure by 424.1% during the second quarter. Cubist Systematic Strategies LLC now owns 21,069 shares of the company's stock worth $709,000 after acquiring an additional 27,569 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Brookfield Infrastructure by 42.3% in the 2nd quarter. Mackenzie Financial Corp now owns 85,786 shares of the company's stock valued at $2,888,000 after acquiring an additional 25,515 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of Brookfield Infrastructure during the 2nd quarter worth $12,632,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Brookfield Infrastructure by 544.5% during the third quarter. SG Americas Securities LLC now owns 36,800 shares of the company's stock worth $1,598,000 after purchasing an additional 31,090 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded up $0.67 during trading on Tuesday, hitting $41.79. The company's stock had a trading volume of 289,454 shares, compared to its average volume of 494,901. The stock's fifty day moving average is $40.80 and its 200 day moving average is $40.95. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 29.02 and a beta of 1.47.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.

About Brookfield Infrastructure

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.