MML Investors Services LLC Takes $211,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

MML Investors Services LLC acquired a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,866 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Covestor Ltd grew its stake 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 acquiring an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in Brookfield Infrastructure by 111.6% during the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock valued at $156,000 after purchasing an additional 1,900 shares during the last quarter. Gryphon Financial Partners LLC bought a new position in Brookfield Infrastructure in the 2nd quarter worth approximately $136,000. Signaturefd LLC boosted its holdings in shares of Brookfield Infrastructure by 9.8% in the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after acquiring an additional 363 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Brookfield Infrastructure during the third quarter valued at about $213,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

BIPC opened at $39.06 on Friday. The company has a fifty day moving average price of $42.27 and a 200-day moving average price of $39.77. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The firm has a market capitalization of $5.16 billion, a P/E ratio of 27.13 and a beta of 1.45.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.405 per share. 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 4.15%. Brookfield Infrastructure’s dividend payout ratio is 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.