Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 29.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,681 shares of the company’s stock after acquiring an additional 7,517 shares during the period. Cerity Partners LLC’s holdings in Brookfield Infrastructure were worth $1,419,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in shares of Brookfield Infrastructure by 11.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after purchasing an additional 288 shares during the period. CWM LLC lifted its holdings in Brookfield Infrastructure by 10.7% in the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after purchasing an additional 305 shares during the last quarter. Covestor Ltd lifted its position in Brookfield Infrastructure by 64.0% during the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after acquiring an additional 1,329 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock valued at $156,000 after buying an additional 1,900 shares during the last quarter. Finally, Gryphon Financial Partners LLC bought a new stake in Brookfield Infrastructure in the 2nd quarter valued at $136,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 1.1 %

NASDAQ:BIPC opened at $44.07 on Wednesday. The firm has a 50-day moving average price of $42.96 and a 200 day moving average price of $39.19. Brookfield Infrastructure Co. has a 12-month low of $28.47 and a 12-month high of $45.29. The firm has a market capitalization of $5.82 billion, a PE ratio of 30.60 and a beta of 1.45.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.68%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 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.