Sei Investments Co. Buys 5,278 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sei Investments Co. boosted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,199 shares of the company’s stock after acquiring an additional 5,278 shares during the period. Sei Investments Co.’s holdings in Brookfield Infrastructure were worth $2,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. J.Safra Asset Management Corp lifted its position in Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock worth $31,000 after acquiring an additional 274 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Brookfield Infrastructure by 217.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after purchasing an additional 758 shares in the last quarter. Allworth Financial LP raised its position in shares of Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after acquiring an additional 396 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake in shares of Brookfield Infrastructure by 34.0% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock worth $73,000 after acquiring an additional 460 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Brookfield Infrastructure by 6.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $34.56 on Friday. The stock has a market capitalization of $4.11 billion, a P/E ratio of 24.00 and a beta of 1.48. The company’s fifty day moving average price is $38.92 and its 200 day moving average price is $40.78. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.43 per share. 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 4.98%. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure’s payout ratio is 119.44%.

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.