Jones Financial Companies Lllp Raises Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Jones Financial Companies Lllp lifted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 217.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,106 shares of the company’s stock after acquiring an additional 758 shares during the period. Jones Financial Companies Lllp’s holdings in Brookfield Infrastructure were worth $44,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its stake in shares of Brookfield Infrastructure by 42.9% during the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after buying an additional 396 shares during the last quarter. Morgan Dempsey Capital Management LLC raised 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 buying an additional 460 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Brookfield Infrastructure during the 3rd quarter worth $204,000. MML Investors Services LLC acquired a new position in shares of Brookfield Infrastructure during the 3rd quarter worth $211,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Brookfield Infrastructure during the 3rd quarter worth $213,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 0.6 %

NASDAQ:BIPC opened at $35.49 on Wednesday. The company has a market capitalization of $4.22 billion, a PE ratio of 24.64 and a beta of 1.48. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The stock has a fifty day simple moving average of $39.96 and a 200-day simple moving average of $41.17.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s payout ratio is 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.