Procyon Advisors LLC Raises Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Procyon Advisors LLC grew its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,178 shares of the company’s stock after buying an additional 3,228 shares during the quarter. Procyon Advisors LLC’s holdings in Brookfield Infrastructure were worth $1,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Covestor Ltd raised its holdings in Brookfield Infrastructure by 64.0% in the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after acquiring an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in shares of Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock valued at $156,000 after purchasing an additional 1,900 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Brookfield Infrastructure by 9.8% in the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after purchasing an additional 363 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Brookfield Infrastructure during the third quarter worth $204,000. Finally, Choreo LLC acquired a new position in shares of Brookfield Infrastructure during the second quarter worth $206,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $39.61 on Friday. The stock has a market cap of $4.71 billion, a PE ratio of 27.50 and a beta of 1.47. The stock’s fifty day moving average is $41.33 and its two-hundred day moving average is $40.40. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29.

Brookfield Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 4.09%. The ex-dividend date 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.