Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 837.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,851 shares of the company’s stock after buying an additional 3,440 shares during the period. Sterling Capital Management LLC’s holdings in Brookfield Infrastructure were worth $154,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. J.Safra Asset Management Corp lifted its holdings in Brookfield Infrastructure by 55.0% in the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock valued at $31,000 after purchasing an additional 274 shares in the last quarter. Jones Financial Companies Lllp grew its stake in 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 acquiring an additional 758 shares in the last quarter. Allworth Financial LP raised its holdings in Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after acquiring an additional 396 shares during the last quarter. Morgan Dempsey Capital Management LLC lifted its stake in Brookfield Infrastructure by 34.0% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock worth $73,000 after purchasing an additional 460 shares in the last quarter. Finally, FIL Ltd boosted its holdings in shares of Brookfield Infrastructure by 30.2% during the 4th quarter. FIL Ltd now owns 2,922 shares of the company’s stock worth $117,000 after purchasing an additional 678 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock opened at $35.00 on Tuesday. The business’s 50 day moving average price is $37.18 and its 200 day moving average price is $40.06. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 24.31 and a beta of 1.48. Brookfield Infrastructure Co. has a one year low of $29.30 and a one year high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.43 per share. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.91%. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 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.