Intech Investment Management LLC Invests $668,000 in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Intech Investment Management LLC purchased a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,392 shares of the company’s stock, valued at approximately $668,000.

Several other large investors have also made changes to their positions in BIPC. Lazard Asset Management LLC acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $73,000. Nisa Investment Advisors LLC lifted 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 during the period. CWM LLC raised its position in shares of Brookfield Infrastructure by 10.7% during the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after acquiring an additional 305 shares during the last quarter. Gryphon Financial Partners LLC acquired a new position in shares of Brookfield Infrastructure in the 2nd quarter valued at $136,000. Finally, Covestor Ltd boosted its position in shares of Brookfield Infrastructure by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after purchasing an additional 1,329 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 0.1 %

NASDAQ BIPC opened at $44.89 on Friday. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The stock has a 50-day simple moving average of $42.89 and a 200 day simple moving average of $39.03. The company has a market capitalization of $5.93 billion, a PE ratio of 31.17 and a beta of 1.45.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.61%. Brookfield Infrastructure’s dividend payout ratio is 112.50%.

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.