Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 47.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 363,506 shares of the company’s stock after acquiring an additional 116,256 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.28% of Brookfield Infrastructure worth $15,787,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BIPC. Covestor Ltd raised its stake in shares of Brookfield Infrastructure by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after acquiring an additional 1,329 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of Brookfield Infrastructure by 111.6% in the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock valued at $156,000 after purchasing an additional 1,900 shares during the period. Signaturefd LLC raised its position in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after purchasing an additional 363 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Brookfield Infrastructure in the third quarter valued at $204,000. Finally, MML Investors Services LLC purchased a new stake in shares of Brookfield Infrastructure during the 3rd quarter worth about $211,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 5.8 %

BIPC opened at $38.07 on Friday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 26.44 and a beta of 1.47. The company has a fifty day simple moving average of $41.54 and a 200 day simple moving average of $40.24. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29.

Brookfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a $0.405 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.26%. Brookfield Infrastructure’s payout ratio is currently 112.50%.

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.