Allspring Global Investments Holdings LLC increased its position in Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,728 shares of the company’s stock after buying an additional 1,126 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Brookfield Infrastructure were worth $242,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Brookfield Infrastructure by 169.8% in the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after buying an additional 445 shares during the period. Heritage Wealth Advisors acquired a new position in shares of Brookfield Infrastructure in the 4th quarter valued at $33,000. SRS Capital Advisors Inc. increased its stake in Brookfield Infrastructure by 413.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,021 shares of the company’s stock worth $36,000 after purchasing an additional 822 shares in the last quarter. Signaturefd LLC raised its holdings in Brookfield Infrastructure by 178.0% during the 4th quarter. Signaturefd LLC now owns 3,019 shares of the company’s stock worth $106,000 after buying an additional 1,933 shares during the period. Finally, CWM LLC lifted its stake in Brookfield Infrastructure by 55.0% during the fourth quarter. CWM LLC now owns 3,192 shares of the company’s stock valued at $113,000 after buying an additional 1,133 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.
Brookfield Infrastructure Price Performance
Brookfield Infrastructure stock opened at $38.08 on Friday. Brookfield Infrastructure Co. has a fifty-two week low of $25.48 and a fifty-two week high of $47.31. The firm’s 50 day simple moving average is $34.69 and its 200-day simple moving average is $34.33. The company has a market cap of $5.03 billion, a P/E ratio of 26.44 and a beta of 1.44.
Brookfield Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, May 31st. Brookfield Infrastructure’s dividend payout ratio is 112.50%.
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.
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