Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 217.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,106 shares of the company’s stock after acquiring an additional 758 shares during the quarter. Jones Financial Companies Lllp’s holdings in Brookfield Infrastructure were worth $44,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its holdings in shares of Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after acquiring an additional 396 shares during the period. Morgan Dempsey Capital Management LLC increased its holdings in shares of Brookfield Infrastructure by 34.0% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock valued at $73,000 after acquiring an additional 460 shares during the period. M&T Bank Corp acquired a new position in shares of Brookfield Infrastructure in the 3rd quarter valued at $204,000. MML Investors Services LLC purchased a new position in Brookfield Infrastructure in the 3rd quarter valued at $211,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Brookfield Infrastructure in the 3rd quarter valued at $213,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

NASDAQ:BIPC opened at $35.49 on Wednesday. The firm’s fifty day moving average price is $39.96 and its 200 day moving average price is $41.17. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 24.64 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The company 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 $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.85%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 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.