ClearAlpha Technologies LP Has $636,000 Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

ClearAlpha Technologies LP increased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 22.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,899 shares of the company’s stock after acquiring an additional 2,897 shares during the quarter. Brookfield Infrastructure comprises 0.4% of ClearAlpha Technologies LP’s portfolio, making the stock its 27th biggest holding. ClearAlpha Technologies LP’s holdings in Brookfield Infrastructure were worth $636,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in Brookfield Infrastructure by 5.4% in the 4th quarter. Stifel Financial Corp now owns 159,876 shares of the company’s stock valued at $6,397,000 after acquiring an additional 8,173 shares during the period. State of Tennessee Department of Treasury grew its position in shares of Brookfield Infrastructure by 14.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 112,962 shares of the company’s stock valued at $4,520,000 after purchasing an additional 14,328 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Brookfield Infrastructure by 3.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,024,923 shares of the company’s stock worth $40,593,000 after purchasing an additional 37,503 shares during the period. Transce3nd LLC bought a new stake in Brookfield Infrastructure in the 4th quarter valued at $46,000. Finally, MetLife Investment Management LLC grew its holdings in Brookfield Infrastructure by 90.6% in the 4th quarter. MetLife Investment Management LLC now owns 72,333 shares of the company’s stock valued at $2,894,000 after buying an additional 34,387 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

BIPC opened at $35.16 on Monday. The stock has a fifty day moving average of $37.30 and a 200-day moving average of $40.11. Brookfield Infrastructure Co. has a fifty-two week low of $29.30 and a fifty-two week high of $45.29. The company has a market capitalization of $4.18 billion, a P/E ratio of 24.41 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio is presently 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.