HighTower Advisors LLC grew its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 240.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,574 shares of the company's stock after buying an additional 29,363 shares during the period. HighTower Advisors LLC's holdings in Brookfield Infrastructure were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company's stock worth $93,000 after purchasing an additional 288 shares in the last quarter. CWM LLC raised its holdings in Brookfield Infrastructure by 10.7% during the second quarter. CWM LLC now owns 3,148 shares of the company's stock worth $106,000 after purchasing an additional 305 shares in the last quarter. Gryphon Financial Partners LLC bought a new stake in Brookfield Infrastructure during the second quarter worth approximately $136,000. Covestor Ltd raised its holdings in Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company's stock worth $148,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Toth Financial Advisory Corp raised its holdings in Brookfield Infrastructure by 111.6% during the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company's stock worth $156,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Stock Down 2.0 %
Brookfield Infrastructure stock traded down $0.82 during mid-day trading on Friday, hitting $40.63. The company's stock had a trading volume of 416,335 shares, compared to its average volume of 497,611. The stock has a market capitalization of $5.36 billion, a P/E ratio of 28.22 and a beta of 1.45. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The stock's fifty day moving average price is $42.94 and its two-hundred day moving average price is $39.55.
Brookfield Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure's payout ratio is 112.50%.
Brookfield Infrastructure 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.
Read More
Before you consider Brookfield Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Infrastructure wasn't on the list.
While Brookfield Infrastructure currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
