Principal Securities Inc. Has $518,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Principal Securities Inc. raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,949 shares of the company’s stock after acquiring an additional 1,418 shares during the quarter. Principal Securities Inc.’s holdings in Brookfield Infrastructure were worth $518,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers raised its stake in Brookfield Infrastructure by 1.6% in the 4th quarter. Rhumbline Advisers now owns 214,703 shares of the company’s stock worth $8,590,000 after purchasing an additional 3,484 shares in the last quarter. Van ECK Associates Corp increased its holdings in Brookfield Infrastructure by 315.1% in the 4th quarter. Van ECK Associates Corp now owns 136,903 shares of the company’s stock valued at $5,490,000 after buying an additional 103,920 shares during the period. Marks Group Wealth Management Inc increased its holdings in Brookfield Infrastructure by 11.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,297 shares of the company’s stock valued at $412,000 after buying an additional 1,054 shares during the period. Leavell Investment Management Inc. increased its holdings in Brookfield Infrastructure by 106.6% in the 4th quarter. Leavell Investment Management Inc. now owns 19,902 shares of the company’s stock valued at $796,000 after buying an additional 10,268 shares during the period. Finally, Summit Trail Advisors LLC increased its holdings in Brookfield Infrastructure by 19.6% in the 4th quarter. Summit Trail Advisors LLC now owns 9,432 shares of the company’s stock valued at $377,000 after buying an additional 1,546 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 0.7 %

BIPC stock opened at $42.34 on Friday. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The firm has a market cap of $5.04 billion, a P/E ratio of 29.40 and a beta of 1.48. The company’s 50-day moving average price is $40.34 and its two-hundred day moving average price is $41.25.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.43 dividend. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 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.