Leavell Investment Management Inc. Increases Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Leavell Investment Management Inc. grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 106.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,902 shares of the company's stock after buying an additional 10,268 shares during the period. Leavell Investment Management Inc.'s holdings in Brookfield Infrastructure were worth $796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd grew its position in Brookfield Infrastructure by 64.0% in the third quarter. Covestor Ltd now owns 3,405 shares of the company's stock worth $148,000 after acquiring an additional 1,329 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company's stock valued at $156,000 after purchasing an additional 1,900 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company's stock worth $177,000 after purchasing an additional 363 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock worth $202,000 after purchasing an additional 312 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in Brookfield Infrastructure in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

Shares of BIPC stock traded down $0.74 during trading hours on Monday, hitting $41.27. The company had a trading volume of 592,371 shares, compared to its average volume of 492,476. The stock has a market capitalization of $4.91 billion, a PE ratio of 28.66 and a beta of 1.48. The company's fifty day moving average is $40.27 and its 200 day moving average is $41.16. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.17%. 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 dividend payout ratio (DPR) is 119.44%.

About Brookfield Infrastructure

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.