Thrivent Financial for Lutherans Invests $2.87 Million in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Thrivent Financial for Lutherans purchased a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 71,765 shares of the company's stock, valued at approximately $2,872,000. Thrivent Financial for Lutherans owned approximately 0.06% of Brookfield Infrastructure at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Citigroup Inc. grew its stake in Brookfield Infrastructure by 221.6% during the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company's stock valued at $3,819,000 after acquiring an additional 60,538 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock worth $15,787,000 after purchasing an additional 116,256 shares during the period. Sanctuary Advisors LLC purchased a new position in Brookfield Infrastructure during the third quarter valued at approximately $262,000. HighTower Advisors LLC increased its stake in Brookfield Infrastructure by 240.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,574 shares of the company's stock valued at $1,807,000 after buying an additional 29,363 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Brookfield Infrastructure in the 3rd quarter valued at approximately $668,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Down 1.8 %

Shares of NASDAQ:BIPC traded down $0.66 during trading on Friday, reaching $36.13. 618,704 shares of the company traded hands, compared to its average volume of 529,590. The firm has a fifty day simple moving average of $39.42 and a 200 day simple moving average of $40.95. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The firm has a market cap of $4.30 billion, a P/E ratio of 25.09 and a beta of 1.48.

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Brookfield Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. 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 dividend on an annualized basis and a yield of 4.76%. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 119.44%.

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.