Fidelis Capital Partners LLC Takes Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Fidelis Capital Partners LLC purchased a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,566 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. grew its position in Brookfield Infrastructure by 5.3% in the second quarter. 1832 Asset Management L.P. now owns 22,349 shares of the company’s stock valued at $752,000 after acquiring an additional 1,119 shares in the last quarter. Sei Investments Co. grew its stake in Brookfield Infrastructure by 9.9% during the 2nd quarter. Sei Investments Co. now owns 54,331 shares of the company’s stock valued at $1,829,000 after purchasing an additional 4,907 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Brookfield Infrastructure by 14.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,981 shares of the company’s stock worth $369,000 after purchasing an additional 1,425 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in Brookfield Infrastructure by 13.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 46,278 shares of the company’s stock worth $1,557,000 after purchasing an additional 5,420 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of Brookfield Infrastructure in the 2nd quarter valued at approximately $509,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Down 0.3 %

BIPC stock opened at $42.33 on Tuesday. The firm has a 50 day simple moving average of $39.34 and a 200-day simple moving average of $35.67. The company has a market capitalization of $5.59 billion, a P/E ratio of 29.40 and a beta of 1.44. Brookfield Infrastructure Co. has a twelve month low of $25.48 and a twelve month high of $42.78.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Friday, August 30th. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

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.