Seven Eight Capital LP Makes New Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Seven Eight Capital LP bought a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,115 shares of the company’s stock, valued at approximately $509,000.

Several other institutional investors have also recently made changes to their positions in BIPC. Nisa Investment Advisors LLC increased its holdings in Brookfield Infrastructure by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after buying an additional 288 shares in the last quarter. CWM LLC increased its stake in shares of Brookfield Infrastructure by 10.7% in the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after purchasing an additional 305 shares in the last quarter. Heritage Wealth Advisors raised its holdings in Brookfield Infrastructure by 43.0% in the 1st quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock worth $48,000 after purchasing an additional 401 shares during the period. ProShare Advisors LLC boosted its position in Brookfield Infrastructure by 1.5% during the first quarter. ProShare Advisors LLC now owns 36,266 shares of the company’s stock worth $1,307,000 after purchasing an additional 530 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Brookfield Infrastructure by 6.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 9,556 shares of the company’s stock valued at $344,000 after purchasing an additional 544 shares during the period. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $42.45 on Monday. The stock has a market capitalization of $5.60 billion, a P/E ratio of 29.48 and a beta of 1.44. The company’s fifty day moving average price is $39.24 and its 200 day moving average price is $35.62. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $42.72.

Brookfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.405 per share. The ex-dividend date is Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.82%. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

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.