Commonwealth Equity Services LLC Increases Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Commonwealth Equity Services LLC boosted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,308 shares of the company’s stock after buying an additional 10,891 shares during the period. Commonwealth Equity Services LLC owned 0.09% of Brookfield Infrastructure worth $4,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Citigroup Inc. boosted its position in shares of Brookfield Infrastructure by 221.6% during the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock valued at $3,819,000 after acquiring an additional 60,538 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock worth $15,787,000 after purchasing an additional 116,256 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at approximately $262,000. HighTower Advisors LLC grew its stake in shares of Brookfield Infrastructure by 240.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock valued at $1,807,000 after buying an additional 29,363 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at approximately $668,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Down 0.7 %

NASDAQ:BIPC opened at $35.36 on Monday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The stock’s fifty day moving average is $39.73 and its two-hundred day moving average is $41.08. The company has a market capitalization of $4.21 billion, a P/E ratio of 24.55 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.86%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio is presently 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.