Intact Investment Management Inc. acquired a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 91,000 shares of the company's stock, valued at approximately $3,651,000. Intact Investment Management Inc. owned 0.08% of Brookfield Infrastructure as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its stake in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after purchasing an additional 274 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after purchasing an additional 758 shares in the last quarter. Allworth Financial LP increased its stake in shares of Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after purchasing an additional 396 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its stake in shares of Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after purchasing an additional 460 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake 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 in the last quarter. Institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Price Performance
Shares of BIPC traded up $0.55 during trading hours on Wednesday, hitting $36.07. The company's stock had a trading volume of 778,902 shares, compared to its average volume of 519,151. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 25.05 and a beta of 1.48. The business has a 50 day simple moving average of $39.96 and a two-hundred day simple moving average 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.43 per share. 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 currently 119.44%.
About Brookfield Infrastructure
(
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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