Empowered Funds LLC Buys New Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Empowered Funds LLC bought a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 45,830 shares of the company’s stock, valued at approximately $1,834,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in Brookfield Infrastructure by 221.6% during the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock worth $3,819,000 after purchasing an additional 60,538 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Brookfield Infrastructure by 47.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock valued at $15,787,000 after acquiring an additional 116,256 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at approximately $262,000. HighTower Advisors LLC increased its holdings in shares of Brookfield Infrastructure by 240.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock valued at $1,807,000 after acquiring an additional 29,363 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at approximately $668,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Down 1.8 %

Shares of NASDAQ BIPC opened at $41.27 on Friday. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 28.66 and a beta of 1.48. The business has a 50 day simple moving average of $40.30 and a 200-day simple moving average of $41.10.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.17%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s payout ratio is currently 119.44%.

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.