HighTower Advisors LLC Boosts Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

HighTower Advisors LLC lifted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 1,684.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 741,682 shares of the company's stock after purchasing an additional 700,108 shares during the period. HighTower Advisors LLC owned about 0.62% of Brookfield Infrastructure worth $29,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. J.Safra Asset Management Corp boosted its holdings in Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after acquiring an additional 274 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Brookfield Infrastructure by 6.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock valued at $202,000 after acquiring an additional 312 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Brookfield Infrastructure by 1.0% in the third quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company's stock valued at $1,579,000 after acquiring an additional 364 shares in the last quarter. Fidelis Capital Partners LLC boosted its holdings in Brookfield Infrastructure by 5.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company's stock valued at $294,000 after acquiring an additional 367 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after acquiring an additional 396 shares in the last quarter. Institutional investors own 70.38% of the company's stock.

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Brookfield Infrastructure Price Performance

NASDAQ:BIPC traded up $0.55 during trading hours on Wednesday, hitting $36.07. The company had a trading volume of 777,010 shares, compared to its average volume of 519,144. The company has a market capitalization of $4.29 billion, a PE ratio of 25.05 and a beta of 1.48. The stock has a 50-day moving average price of $39.96 and a 200 day moving average price of $41.17. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 4.77%. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's payout ratio is 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.