Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC increased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,360 shares of the company’s stock after purchasing an additional 4,061 shares during the quarter. Procyon Advisors LLC’s holdings in Brookfield Infrastructure were worth $754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BIPC. Pinnacle Wealth Management Group Inc. acquired a new stake in Brookfield Infrastructure in the 4th quarter valued at $341,000. Raymond James Financial Services Advisors Inc. raised its stake in Brookfield Infrastructure by 52.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,343 shares of the company’s stock valued at $1,106,000 after purchasing an additional 10,721 shares during the last quarter. Raymond James & Associates lifted its holdings in Brookfield Infrastructure by 25.3% in the 4th quarter. Raymond James & Associates now owns 204,178 shares of the company’s stock valued at $7,203,000 after purchasing an additional 41,192 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Brookfield Infrastructure in the fourth quarter valued at about $9,834,000. Finally, Lantz Financial LLC lifted its stake in shares of Brookfield Infrastructure by 9.0% in the fourth quarter. Lantz Financial LLC now owns 42,080 shares of the company’s stock worth $1,485,000 after buying an additional 3,490 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 0.2 %

BIPC traded up $0.06 during trading on Thursday, reaching $35.25. The company’s stock had a trading volume of 42,574 shares, compared to its average volume of 486,161. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 24.48 and a beta of 1.37. The firm has a fifty day simple moving average of $34.98 and a two-hundred day simple moving average of $33.83. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $48.23.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.405 per share. The ex-dividend date is Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a yield of 4.60%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.38. Brookfield Infrastructure’s payout ratio is 112.50%.

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.