Brookfield Infrastructure Co. (NASDAQ:BIPC - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $45.73 and last traded at $45.73, with a volume of 154 shares traded. The stock had previously closed at $43.87.
Brookfield Infrastructure Stock Performance
The company has a market cap of $5.74 billion, a PE ratio of 30.23 and a beta of 1.44. The company has a 50 day simple moving average of $41.38 and a two-hundred day simple moving average of $36.92.
Brookfield Infrastructure Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 112.50%.
Hedge Funds Weigh In On Brookfield Infrastructure
Several institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its holdings in Brookfield Infrastructure by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company's stock worth $729,000 after acquiring an additional 16,132 shares during the period. Toronto Dominion Bank increased its stake in shares of Brookfield Infrastructure by 32.0% in the second quarter. Toronto Dominion Bank now owns 149,219 shares of the company's stock worth $5,023,000 after purchasing an additional 36,183 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Brookfield Infrastructure during the 1st quarter worth about $996,000. Vanguard Group Inc. boosted its stake in Brookfield Infrastructure by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company's stock valued at $175,974,000 after purchasing an additional 99,582 shares during the period. Finally, Bank of Montreal Can grew its holdings in Brookfield Infrastructure by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company's stock valued at $153,880,000 after buying an additional 169,892 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.
About Brookfield Infrastructure
(
Get Free Report)
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.
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