Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 178.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,019 shares of the company’s stock after buying an additional 1,933 shares during the quarter. Signaturefd LLC’s holdings in Brookfield Infrastructure were worth $106,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Brookfield Infrastructure by 169.8% in the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after purchasing an additional 445 shares during the last quarter. CWM LLC lifted its stake in Brookfield Infrastructure by 81.6% during the third quarter. CWM LLC now owns 2,059 shares of the company’s stock worth $73,000 after purchasing an additional 925 shares during the last quarter. NBC Securities Inc. acquired a new position in Brookfield Infrastructure in the third quarter valued at approximately $121,000. Whittier Trust Co. increased its stake in Brookfield Infrastructure by 1,028.5% in the third quarter. Whittier Trust Co. now owns 3,916 shares of the company’s stock valued at $138,000 after purchasing an additional 3,569 shares during the last quarter. Finally, Pacifica Partners Inc. raised its holdings in Brookfield Infrastructure by 7.5% during the fourth quarter. Pacifica Partners Inc. now owns 4,968 shares of the company’s stock worth $175,000 after purchasing an additional 347 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 0.4 %

Shares of Brookfield Infrastructure stock opened at $31.16 on Tuesday. The company has a fifty day simple moving average of $33.38 and a 200-day simple moving average of $33.23. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $48.23. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 21.64 and a beta of 1.38.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.20%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.38. Brookfield Infrastructure’s payout ratio is 112.50%.

About Brookfield Infrastructure

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.