Sanctuary Advisors LLC Has $381,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sanctuary Advisors LLC lifted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,061 shares of the company’s stock after buying an additional 3,135 shares during the period. Sanctuary Advisors LLC’s holdings in Brookfield Infrastructure were worth $381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC boosted its position in shares of Brookfield Infrastructure by 5.7% during the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after buying an additional 673,427 shares during the period. Principal Financial Group Inc. boosted its position in Brookfield Infrastructure by 13.8% during the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after purchasing an additional 376,254 shares during the last quarter. Cibc World Market Inc. boosted its position in Brookfield Infrastructure by 18.3% during the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock valued at $37,364,000 after purchasing an additional 144,188 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Brookfield Infrastructure by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock valued at $27,314,000 after purchasing an additional 8,891 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock valued at $15,787,000 after purchasing an additional 116,256 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ BIPC opened at $39.17 on Tuesday. The stock has a 50 day moving average price of $40.63 and a 200 day moving average price of $41.45. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The stock has a market capitalization of $4.66 billion, a PE ratio of 27.20 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The business also recently declared 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 is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.39%. Brookfield Infrastructure’s dividend payout ratio is 119.44%.

Brookfield Infrastructure Company 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.