Ipswich Investment Management Co. Inc. Has $3.56 Million Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Ipswich Investment Management Co. Inc. raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,850 shares of the company’s stock after buying an additional 1,149 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Brookfield Infrastructure were worth $3,555,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in shares of Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock worth $202,000 after buying an additional 312 shares during the last quarter. Signaturefd LLC raised its stake in shares of Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after buying an additional 363 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Brookfield Infrastructure by 1.0% during the third quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock worth $1,579,000 after buying an additional 364 shares during the last quarter. Allworth Financial LP raised its stake in shares of Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after buying an additional 396 shares during the last quarter. Finally, Hedeker Wealth LLC raised its stake in shares of Brookfield Infrastructure by 4.6% during the third quarter. Hedeker Wealth LLC now owns 9,533 shares of the company’s stock worth $414,000 after buying an additional 423 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Price Performance

BIPC opened at $42.34 on Friday. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 29.40 and a beta of 1.48. The firm has a 50 day simple moving average of $40.34 and a 200 day simple moving average of $41.25. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.06%. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s payout ratio is 119.44%.

Brookfield Infrastructure 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.