Brookfield Infrastructure Co. (NASDAQ:BIPC) Stock Holdings Increased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 856,847 shares of the company's stock after purchasing an additional 78,085 shares during the quarter. Wells Fargo & Company MN owned about 0.72% of Brookfield Infrastructure worth $34,282,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position 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 stake in Brookfield Infrastructure during the third quarter valued at about $262,000. HighTower Advisors LLC boosted its holdings 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 worth $1,807,000 after buying an additional 29,363 shares during the period. Jones Financial Companies Lllp increased its position 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 in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Brookfield Infrastructure by 315.1% in the fourth quarter. Van ECK Associates Corp now owns 136,903 shares of the company's stock worth $5,490,000 after acquiring an additional 103,920 shares in the last quarter. Institutional investors own 70.38% of the company's stock.

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Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC traded up $0.25 during mid-day trading on Wednesday, hitting $35.81. The stock had a trading volume of 61,585 shares, compared to its average volume of 531,130. Brookfield Infrastructure Co. has a 12-month low of $28.47 and a 12-month high of $45.29. The company has a market cap of $4.26 billion, a PE ratio of 24.85 and a beta of 1.48. The company's 50 day moving average is $37.65 and its 200-day moving average is $40.27.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio (DPR) is 119.44%.

Brookfield Infrastructure Company 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.