BankPlus Wealth Management LLC Buys New Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC)

BankPlus Wealth Management LLC bought a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,941 shares of the company’s stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. increased its position 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 worth $1,829,000 after purchasing an additional 4,907 shares during the period. Xponance Inc. grew its stake in shares of Brookfield Infrastructure by 4.4% in the second quarter. Xponance Inc. now owns 7,614 shares of the company’s stock worth $256,000 after purchasing an additional 322 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Brookfield Infrastructure by 424.1% during the second quarter. Cubist Systematic Strategies LLC now owns 21,069 shares of the company’s stock worth $709,000 after acquiring an additional 27,569 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Brookfield Infrastructure by 42.3% during the second quarter. Mackenzie Financial Corp now owns 85,786 shares of the company’s stock worth $2,888,000 after buying an additional 25,515 shares during the period. Finally, Clearbridge Investments LLC acquired a new position in shares of Brookfield Infrastructure in the 2nd quarter valued at about $12,632,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 2.6 %

BIPC opened at $41.68 on Tuesday. The company has a fifty day moving average price of $41.10 and a two-hundred day moving average price of $40.79. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The company has a market cap of $4.96 billion, a P/E ratio of 28.94 and a beta of 1.47.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 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.