Truist Financial Corp Makes New Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Truist Financial Corp bought a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,576 shares of the company’s stock, valued at approximately $2,560,000. Truist Financial Corp owned 0.06% of Brookfield Infrastructure as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BIPC. Pacifica Partners Inc. grew 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 valued at $175,000 after purchasing an additional 347 shares during the period. Sigma Planning Corp increased its holdings in Brookfield Infrastructure by 1.9% in the 3rd quarter. Sigma Planning Corp now owns 20,572 shares of the company’s stock worth $727,000 after acquiring an additional 374 shares during the last quarter. Corrado Advisors LLC increased its holdings in Brookfield Infrastructure by 1.8% in the 3rd quarter. Corrado Advisors LLC now owns 22,779 shares of the company’s stock worth $805,000 after acquiring an additional 403 shares during the last quarter. Allworth Financial LP raised its stake in 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 acquiring an additional 445 shares during the period. Finally, Belpointe Asset Management LLC lifted its holdings in Brookfield Infrastructure by 8.5% during the third quarter. Belpointe Asset Management LLC now owns 6,213 shares of the company’s stock valued at $220,000 after purchasing an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 0.7 %

BIPC opened at $34.18 on Thursday. The firm has a 50-day moving average price of $33.02 and a 200-day moving average price of $33.32. Brookfield Infrastructure Co. has a twelve month low of $25.48 and a twelve month high of $48.23. The company has a market capitalization of $4.51 billion, a price-to-earnings 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. Investors of record on Friday, May 31st will be paid a $0.405 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a yield of 4.74%. Brookfield Infrastructure’s dividend payout ratio is 112.50%.

Brookfield Infrastructure 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.