Jennison Associates LLC Takes $847,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Jennison Associates LLC purchased a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,165 shares of the company's stock, valued at approximately $847,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company's stock worth $540,840,000 after acquiring an additional 673,427 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Brookfield Infrastructure by 11,621.8% during the third quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company's stock worth $9,662,000 after purchasing an additional 220,581 shares during the period. Cibc World Market Inc. grew its stake in shares of Brookfield Infrastructure by 18.3% in the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company's stock worth $37,364,000 after purchasing an additional 144,188 shares during the last quarter. Barclays PLC increased its holdings in Brookfield Infrastructure by 234.0% in the third quarter. Barclays PLC now owns 198,571 shares of the company's stock valued at $8,622,000 after purchasing an additional 139,112 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Brookfield Infrastructure by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock worth $15,787,000 after purchasing an additional 116,256 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Stock Down 0.7 %

BIPC traded down $0.30 during midday trading on Monday, hitting $41.15. 493,542 shares of the company were exchanged, compared to its average volume of 493,917. The firm has a market capitalization of $4.90 billion, a P/E ratio of 28.58 and a beta of 1.48. The firm's 50 day moving average price is $40.55 and its 200-day moving average price is $41.04. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29.

Brookfield Infrastructure Increases Dividend

The business 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 $0.43 dividend. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure's payout ratio is currently 119.44%.

Brookfield Infrastructure Company 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.