Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Purchased by Gilbert & Cook Inc.

Gilbert & Cook Inc. raised its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 13.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,984 shares of the company’s stock after acquiring an additional 2,213 shares during the period. Gilbert & Cook Inc.’s holdings in Brookfield Infrastructure were worth $760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. boosted its stake in shares of Brookfield Infrastructure by 9.9% in the second 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 during the period. Xponance Inc. raised its position in shares of Brookfield Infrastructure by 4.4% in the 2nd quarter. Xponance Inc. now owns 7,614 shares of the company’s stock valued at $256,000 after purchasing an additional 322 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Brookfield Infrastructure by 424.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,069 shares of the company’s stock valued at $709,000 after buying an additional 27,569 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Brookfield Infrastructure by 42.3% during the 2nd quarter. Mackenzie Financial Corp now owns 85,786 shares of the company’s stock valued at $2,888,000 after buying an additional 25,515 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new stake in shares of Brookfield Infrastructure in the second quarter worth $12,632,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

BIPC traded up $0.88 during trading hours on Thursday, hitting $41.13. 17,451 shares of the stock were exchanged, compared to its average volume of 477,957. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 28.47 and a beta of 1.47. The stock has a 50-day simple moving average of $40.97 and a 200-day simple moving average of $40.86. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Friday, November 29th. 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.