Summit Trail Advisors LLC Acquires Shares of 7,947 Brookfield Infrastructure Co. (NASDAQ:BIPC)

Summit Trail Advisors LLC bought a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,947 shares of the company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Bank of Canada FI lifted its position in Brookfield Infrastructure by 13.9% during the fourth quarter. National Bank of Canada FI now owns 1,197,519 shares of the company’s stock worth $42,158,000 after acquiring an additional 145,928 shares during the last quarter. Avalon Trust Co lifted its holdings in Brookfield Infrastructure by 6.4% during the 4th quarter. Avalon Trust Co now owns 166,067 shares of the company’s stock worth $5,859,000 after purchasing an additional 10,041 shares during the last quarter. First National Trust Co bought a new stake in Brookfield Infrastructure in the 4th quarter valued at $270,000. NewGen Asset Management Ltd acquired a new position in Brookfield Infrastructure in the 4th quarter valued at $21,404,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Brookfield Infrastructure by 3,996.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 9,012 shares of the company’s stock worth $318,000 after buying an additional 8,792 shares during the period. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

BIPC opened at $34.18 on Thursday. The stock has a fifty day moving average of $33.02 and a 200-day moving average of $33.32. Brookfield Infrastructure Co. has a fifty-two week low of $25.48 and a fifty-two week high of $48.23. The company has a market capitalization of $4.51 billion, a P/E ratio of 23.74 and a beta of 1.42.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Infrastructure’s dividend payout ratio is currently 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.