5,158 Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC) Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. purchased a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 5,158 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearbridge Investments LLC bought a new position in shares of Brookfield Infrastructure during the 2nd quarter valued at approximately $12,632,000. Wulff Hansen & CO. boosted its position in shares of Brookfield Infrastructure by 2,158.9% in the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock worth $10,357,000 after purchasing an additional 294,065 shares during the period. Vanguard Group Inc. boosted its position in shares of Brookfield Infrastructure by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after purchasing an additional 279,676 shares during the period. Principal Financial Group Inc. increased its stake in shares of Brookfield Infrastructure by 9.0% in the second quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock worth $96,704,000 after purchasing an additional 236,355 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its position in shares of Brookfield Infrastructure by 11,621.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company’s stock valued at $9,662,000 after purchasing an additional 220,581 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock opened at $44.92 on Thursday. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The company has a market capitalization of $5.93 billion, a P/E ratio of 31.19 and a beta of 1.45. The company has a fifty day moving average of $42.79 and a 200 day moving average of $38.88.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio is currently 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.