Intech Investment Management LLC Purchases 30,380 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Intech Investment Management LLC grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 197.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,772 shares of the company's stock after acquiring an additional 30,380 shares during the quarter. Intech Investment Management LLC's holdings in Brookfield Infrastructure were worth $1,831,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp raised its position in Brookfield Infrastructure by 55.0% in the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after purchasing an additional 274 shares during the period. Jones Financial Companies Lllp raised its holdings 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 buying an additional 758 shares during the period. Allworth Financial LP lifted its stake in shares of Brookfield Infrastructure by 42.9% during the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after acquiring an additional 396 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its position in Brookfield Infrastructure by 34.0% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock valued at $73,000 after acquiring an additional 460 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Brookfield Infrastructure by 6.6% in the 4th 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 during the last quarter. Institutional investors own 70.38% of the company's stock.

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Brookfield Infrastructure Price Performance

Shares of NASDAQ:BIPC traded up $0.12 on Tuesday, hitting $36.39. 648,240 shares of the company's stock were exchanged, compared to its average volume of 522,940. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 25.27 and a beta of 1.48. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The business's 50 day simple moving average is $39.68 and its two-hundred day simple moving average is $41.05.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.73%. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure's payout ratio is 119.44%.

Brookfield Infrastructure Profile

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.