Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,687,931 shares of the company's stock after purchasing an additional 187,719 shares during the period. Vanguard Group Inc. owned approximately 4.78% of Brookfield Infrastructure worth $228,128,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BIPC. J.Safra Asset Management Corp increased its holdings in Brookfield Infrastructure by 55.0% in the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after buying an additional 274 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after acquiring an additional 758 shares during the period. Allworth Financial LP raised its holdings in shares of Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after purchasing an additional 396 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its holdings in shares of Brookfield Infrastructure by 34.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after purchasing an additional 460 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock valued at $202,000 after purchasing an additional 312 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

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Brookfield Infrastructure Trading Down 4.8 %

BIPC traded down $1.70 during midday trading on Thursday, hitting $33.84. 1,011,250 shares of the company were exchanged, compared to its average volume of 540,407. The company's 50 day simple moving average is $38.04 and its 200 day simple moving average is $40.43. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 23.50 and a beta of 1.48. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.08%. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure's dividend payout ratio (DPR) is 119.44%.

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.