Rice Partnership LLC raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 57.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,612 shares of the company's stock after buying an additional 43,847 shares during the quarter. Rice Partnership LLC owned about 0.10% of Brookfield Infrastructure worth $4,826,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Citigroup Inc. raised its stake in shares of Brookfield Infrastructure by 221.6% in the third quarter. Citigroup Inc. now owns 87,851 shares of the company's stock valued at $3,819,000 after buying an additional 60,538 shares during the period. JPMorgan Chase & Co. grew its position in shares of Brookfield Infrastructure by 47.0% in the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock valued at $15,787,000 after purchasing an additional 116,256 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Brookfield Infrastructure in the third quarter valued at $262,000. HighTower Advisors LLC grew its position in shares of Brookfield Infrastructure by 240.5% in the third quarter. HighTower Advisors LLC now owns 41,574 shares of the company's stock valued at $1,807,000 after purchasing an additional 29,363 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Brookfield Infrastructure in the third quarter valued at $668,000. 70.38% of the stock is currently owned by institutional investors.
Brookfield Infrastructure Trading Down 1.0 %
Shares of NASDAQ BIPC traded down $0.42 during mid-day trading on Thursday, hitting $41.52. The company had a trading volume of 455,328 shares, compared to its average volume of 494,455. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 28.83 and a beta of 1.47. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29. The stock's 50-day moving average price is $40.69 and its 200-day moving average price is $40.98.
Brookfield Infrastructure Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.14%. Brookfield Infrastructure's payout ratio is 119.44%.
About Brookfield Infrastructure
(
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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