Lebenthal Global Advisors LLC Takes $315,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Lebenthal Global Advisors LLC acquired a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,863 shares of the company's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of 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 buying an additional 673,427 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Brookfield Infrastructure during the 2nd quarter worth about $12,632,000. Pathway Financial Advisers LLC boosted its holdings in shares of Brookfield Infrastructure by 11,621.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company's stock worth $9,662,000 after buying an additional 220,581 shares during the period. Barclays PLC boosted its holdings in shares of Brookfield Infrastructure by 234.0% during the 3rd quarter. Barclays PLC now owns 198,571 shares of the company's stock worth $8,622,000 after buying an additional 139,112 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 116,256 shares during the period. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

Shares of BIPC stock traded down $0.29 during midday trading on Friday, hitting $41.73. 520,037 shares of the company were exchanged, compared to its average volume of 504,447. The firm has a market capitalization of $4.97 billion, a P/E ratio of 28.98 and a beta of 1.47. The firm's 50 day moving average price is $40.87 and its two-hundred day moving average price is $40.90. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 4.12%. Brookfield Infrastructure's payout ratio is 112.50%.

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.