Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 61.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 588,649 shares of the company's stock after purchasing an additional 225,143 shares during the period. JPMorgan Chase & Co. owned 0.49% of Brookfield Infrastructure worth $23,552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BIPC. Vanguard Group Inc. raised its holdings in shares of Brookfield Infrastructure by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock worth $228,128,000 after acquiring an additional 187,719 shares during the period. Principal Financial Group Inc. boosted its position in Brookfield Infrastructure by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock valued at $124,423,000 after buying an additional 376,254 shares during the period. Cibc World Market Inc. boosted its holdings in Brookfield Infrastructure by 18.3% in the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company's stock valued at $37,364,000 after purchasing an additional 144,188 shares during the period. HighTower Advisors LLC grew its position in shares of Brookfield Infrastructure by 1,684.0% during the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock worth $29,671,000 after buying an additional 700,108 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Brookfield Infrastructure by 24.5% during the 4th quarter. American Century Companies Inc. now owns 726,617 shares of the company's stock worth $29,074,000 after acquiring an additional 142,839 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

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Brookfield Infrastructure Trading Up 1.2 %

NASDAQ:BIPC traded up $0.41 during trading hours on Tuesday, hitting $35.87. The company's stock had a trading volume of 52,204 shares, compared to its average volume of 534,314. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The stock has a market capitalization of $4.27 billion, a P/E ratio of 24.87 and a beta of 1.48. The stock has a fifty day moving average of $37.77 and a 200-day moving average of $40.30.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.79%. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure's dividend 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.