Sequoia Financial Advisors LLC Takes $4.19 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sequoia Financial Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 96,562 shares of the company's stock, valued at approximately $4,194,000. Sequoia Financial Advisors LLC owned approximately 0.07% of Brookfield Infrastructure as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HBC Financial Services PLLC purchased a new position in shares of Brookfield Infrastructure in the first quarter worth about $29,000. Heritage Wealth Advisors raised its stake in shares of Brookfield Infrastructure by 43.0% during the first quarter. Heritage Wealth Advisors now owns 1,333 shares of the company's stock valued at $48,000 after acquiring an additional 401 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Brookfield Infrastructure during the first quarter valued at about $68,000. Lazard Asset Management LLC bought a new stake in shares of Brookfield Infrastructure in the first quarter worth about $73,000. Finally, Nisa Investment Advisors LLC increased its holdings in Brookfield Infrastructure by 11.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company's stock valued at $93,000 after purchasing an additional 288 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Up 0.1 %

NASDAQ BIPC traded up $0.04 on Thursday, hitting $43.57. The company's stock had a trading volume of 182,719 shares, compared to its average volume of 512,309. The company's 50-day simple moving average is $41.38 and its 200 day simple moving average is $36.92. Brookfield Infrastructure Co. has a 52-week low of $25.48 and a 52-week high of $44.03. The firm has a market cap of $5.75 billion, a P/E ratio of 30.09 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.405 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.72%. Brookfield Infrastructure's dividend payout ratio is 112.50%.

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.