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

Procyon Advisors LLC lifted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 23.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,360 shares of the company’s stock after purchasing an additional 4,061 shares during the period. 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 made changes to their positions in BIPC. Norges Bank purchased a new stake in shares of Brookfield Infrastructure during the 4th quarter valued at approximately $43,419,000. Vanguard Group Inc. raised its position in Brookfield Infrastructure by 22.9% in the third quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock valued at $172,754,000 after purchasing an additional 911,454 shares during the period. Alpine Associates Management Inc. purchased a new stake in Brookfield Infrastructure in the third quarter valued at approximately $26,840,000. Capital Research Global Investors purchased a new stake in Brookfield Infrastructure in the first quarter valued at approximately $49,813,000. Finally, State Street Corp raised its position in Brookfield Infrastructure by 55.7% in the second quarter. State Street Corp now owns 1,426,876 shares of the company’s stock valued at $60,642,000 after purchasing an additional 510,469 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock traded up $0.06 during trading hours on Thursday, reaching $35.25. 42,574 shares of the company were exchanged, compared to its average volume of 486,161. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $48.23. The stock’s fifty day moving average is $34.98 and its 200 day moving average is $33.83. The firm has a market cap of $4.65 billion, a PE ratio of 24.43 and a beta of 1.37.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be given 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 dividend yield of 4.60%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.38. 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.