Pathway Financial Advisers LLC grew its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 11,621.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,479 shares of the company's stock after purchasing an additional 220,581 shares during the period. Pathway Financial Advisers LLC owned approximately 0.17% of Brookfield Infrastructure worth $9,662,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC purchased a new position in Brookfield Infrastructure in the second quarter valued at about $12,632,000. Wulff Hansen & CO. grew its holdings in shares of Brookfield Infrastructure by 2,158.9% in the 2nd quarter. Wulff Hansen & CO. now owns 307,686 shares of the company's stock worth $10,357,000 after acquiring an additional 294,065 shares during the period. Vanguard Group Inc. increased its stake in Brookfield Infrastructure by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company's stock valued at $189,844,000 after purchasing an additional 279,676 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Brookfield Infrastructure by 9.0% during the second quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company's stock worth $96,704,000 after purchasing an additional 236,355 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Brookfield Infrastructure by 3.9% during the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company's stock worth $153,880,000 after purchasing an additional 169,892 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.
Brookfield Infrastructure Price Performance
Shares of NASDAQ BIPC traded down $0.34 on Friday, hitting $43.23. The company's stock had a trading volume of 231,642 shares, compared to its average volume of 510,958. The stock has a 50 day moving average of $41.59 and a 200-day moving average of $37.06. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 30.02 and a beta of 1.44. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $44.03.
Brookfield Infrastructure Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Friday, August 30th. Brookfield Infrastructure's dividend payout ratio is presently 112.50%.
Brookfield Infrastructure Profile
(
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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