Sanctuary Advisors LLC Purchases Shares of 5,926 Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sanctuary Advisors LLC acquired a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,926 shares of the company’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Xponance Inc. boosted its position in Brookfield Infrastructure by 4.4% during the 2nd quarter. Xponance Inc. now owns 7,614 shares of the company’s stock worth $256,000 after acquiring an additional 322 shares during the period. Signaturefd LLC raised its stake in shares of Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after purchasing an additional 363 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Brookfield Infrastructure by 1.0% in the third quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock worth $1,579,000 after purchasing an additional 364 shares during the period. Hedeker Wealth LLC lifted its holdings in Brookfield Infrastructure by 4.6% in the third quarter. Hedeker Wealth LLC now owns 9,533 shares of the company’s stock worth $414,000 after purchasing an additional 423 shares during the period. Finally, Captrust Financial Advisors increased its stake in Brookfield Infrastructure by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,924 shares of the company’s stock valued at $648,000 after buying an additional 493 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Down 2.2 %

BIPC stock opened at $38.20 on Friday. The firm’s 50-day moving average is $42.17 and its two-hundred day moving average is $39.85. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 26.53 and a beta of 1.45. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 4.24%. Brookfield Infrastructure’s dividend payout ratio (DPR) 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.