Sequoia Financial Advisors LLC Takes $4.19 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sequoia Financial Advisors LLC bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 96,562 shares of the company’s stock, valued at approximately $4,194,000. Sequoia Financial Advisors LLC owned 0.07% of Brookfield Infrastructure as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Brookfield Infrastructure by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after acquiring an additional 279,676 shares during the period. Bank of Montreal Can grew its stake in Brookfield Infrastructure by 3.9% in the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after purchasing an additional 169,892 shares during the period. Principal Financial Group Inc. raised its holdings in 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. Epoch Investment Partners Inc. lifted its position in Brookfield Infrastructure by 6.5% during the first quarter. Epoch Investment Partners Inc. now owns 2,249,798 shares of the company’s stock valued at $81,083,000 after buying an additional 136,647 shares during the period. Finally, Copeland Capital Management LLC boosted its holdings in shares of Brookfield Infrastructure by 1.2% during the 3rd quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company’s stock valued at $90,416,000 after buying an additional 23,882 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock opened at $43.53 on Thursday. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $44.03. The company has a 50-day moving average of $41.38 and a 200 day moving average of $36.92. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 30.23 and a beta of 1.44.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, August 30th. 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.