CHURCHILL MANAGEMENT Corp Purchases 8,782 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

CHURCHILL MANAGEMENT Corp boosted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,706 shares of the company’s stock after purchasing an additional 8,782 shares during the quarter. CHURCHILL MANAGEMENT Corp owned 0.23% of Brookfield Infrastructure worth $10,951,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Covestor Ltd increased its holdings in Brookfield Infrastructure by 64.0% during the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after purchasing an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in Brookfield Infrastructure by 111.6% in the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after acquiring an additional 1,900 shares in the last quarter. Signaturefd LLC grew its stake in shares of Brookfield Infrastructure by 9.8% in the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after acquiring an additional 363 shares during the period. M&T Bank Corp purchased a new position in Brookfield Infrastructure during the third quarter valued at $204,000. Finally, MML Investors Services LLC purchased a new position in shares of Brookfield Infrastructure in the third quarter worth $211,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of BIPC stock opened at $39.52 on Thursday. The stock has a 50 day moving average price of $41.45 and a 200 day moving average price of $40.40. The firm has a market capitalization of $4.70 billion, a P/E ratio of 27.44 and a beta of 1.47. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given 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 4.10%. Brookfield Infrastructure’s dividend 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.