Dynamic Technology Lab Private Ltd Makes New $213,000 Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Dynamic Technology Lab Private Ltd bought a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,910 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of Brookfield Infrastructure in the 1st quarter valued at approximately $73,000. Price T Rowe Associates Inc. MD increased its stake in shares of Brookfield Infrastructure by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,225 shares of the company’s stock worth $1,234,000 after acquiring an additional 4,361 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Brookfield Infrastructure by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock worth $729,000 after purchasing an additional 16,132 shares in the last quarter. CWM LLC raised its holdings in Brookfield Infrastructure by 10.7% during the second quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after purchasing an additional 305 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. boosted its holdings in Brookfield Infrastructure by 1.7% in the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 82,051 shares of the company’s stock valued at $2,762,000 after purchasing an additional 1,384 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $44.56 on Tuesday. The business’s fifty day moving average price is $42.89 and its 200 day moving average price is $39.06. The firm has a market capitalization of $5.88 billion, a PE ratio of 30.94 and a beta of 1.45. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.405 per share. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.64%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

Brookfield Infrastructure 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.