Vanguard Group Inc. lifted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,888,336 shares of the company’s stock after buying an additional 911,454 shares during the period. Vanguard Group Inc. owned about 3.71% of Brookfield Infrastructure worth $172,754,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of BIPC. Lazard Asset Management LLC acquired a new position in shares of Brookfield Infrastructure during the third quarter worth about $27,000. Washington Trust Advisors Inc. raised its holdings in Brookfield Infrastructure by 125.1% during the third quarter. Washington Trust Advisors Inc. now owns 934 shares of the company’s stock worth $33,000 after acquiring an additional 519 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Brookfield Infrastructure during the fourth quarter worth about $34,000. First Horizon Advisors Inc. raised its holdings in Brookfield Infrastructure by 92.5% during the first quarter. First Horizon Advisors Inc. now owns 978 shares of the company’s stock worth $45,000 after acquiring an additional 470 shares in the last quarter. Finally, Money Concepts Capital Corp bought a new stake in Brookfield Infrastructure during the fourth quarter worth about $45,000. 70.38% of the stock is owned by institutional investors and hedge funds.
Brookfield Infrastructure Stock Performance
BIPC opened at $36.04 on Monday. Brookfield Infrastructure Co. has a 52-week low of $25.48 and a 52-week high of $48.23. The firm has a market capitalization of $4.75 billion, a PE ratio of 25.03 and a beta of 1.37. The business’s 50-day simple moving average is $35.05 and its 200 day simple moving average is $33.78.
Brookfield Infrastructure Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.405 dividend. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.62 annualized dividend and a yield of 4.50%. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.
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.
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