Quad Cities Investment Group LLC Acquires Shares of 5,931 Brookfield Infrastructure Co. (NASDAQ:BIPC)

Quad Cities Investment Group LLC purchased a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) during the third quarter, HoldingsChannel.com reports. The fund purchased 5,931 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Brookfield Infrastructure by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock worth $175,974,000 after buying an additional 99,582 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Brookfield Infrastructure by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,455 shares of the company’s stock valued at $439,000 after buying an additional 1,169 shares during the last quarter. Lantz Financial LLC boosted its position in Brookfield Infrastructure by 1.5% in the first quarter. Lantz Financial LLC now owns 42,729 shares of the company’s stock valued at $1,540,000 after buying an additional 649 shares during the last quarter. Paragon Capital Management Ltd raised its stake in shares of Brookfield Infrastructure by 10.8% during the 1st quarter. Paragon Capital Management Ltd now owns 127,388 shares of the company’s stock valued at $4,591,000 after buying an additional 12,402 shares during the last quarter. Finally, Addenda Capital Inc. purchased a new stake in Brookfield Infrastructure during the first quarter worth $227,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock traded up $0.44 during midday trading on Thursday, reaching $43.44. The company had a trading volume of 65,927 shares, compared to its average volume of 516,516. The firm’s fifty day simple moving average is $40.73 and its 200-day simple moving average is $36.59. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $43.90. The company has a market capitalization of $5.73 billion, a P/E ratio of 30.13 and a beta of 1.44.

Brookfield Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.73%. The ex-dividend date was Friday, August 30th. Brookfield Infrastructure’s payout ratio is currently 112.50%.

About Brookfield Infrastructure

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.