Quantbot Technologies LP Buys 25,256 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Quantbot Technologies LP grew its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 133.7% during the third quarter, Holdings Channel.com reports. The fund owned 44,152 shares of the company’s stock after purchasing an additional 25,256 shares during the quarter. Quantbot Technologies LP’s holdings in Brookfield Infrastructure were worth $1,918,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Brookfield Infrastructure by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after purchasing an additional 279,676 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Brookfield Infrastructure in the first quarter valued at about $73,000. Price T Rowe Associates Inc. MD lifted its stake in Brookfield Infrastructure by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,225 shares of the company’s stock worth $1,234,000 after acquiring an additional 4,361 shares during the period. Pathway Financial Advisers LLC bought a new position in Brookfield Infrastructure during the 1st quarter worth about $68,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Brookfield Infrastructure by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after purchasing an additional 16,132 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

NASDAQ BIPC opened at $44.92 on Friday. The company has a market cap of $5.93 billion, a PE ratio of 31.19 and a beta of 1.45. The firm’s 50 day moving average price is $42.84 and its 200-day moving average price is $38.92. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.61%. Brookfield Infrastructure’s dividend payout ratio is presently 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.