Lake Street Advisors Group LLC Grows Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Lake Street Advisors Group LLC lifted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) by 4.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 296,061 shares of the company’s stock after purchasing an additional 12,629 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Brookfield Infrastructure were worth $10,445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP increased its stake in Brookfield Infrastructure by 169.8% during the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock worth $25,000 after buying an additional 445 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in Brookfield Infrastructure during the 4th quarter worth approximately $33,000. SRS Capital Advisors Inc. increased its stake in Brookfield Infrastructure by 413.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,021 shares of the company’s stock worth $36,000 after buying an additional 822 shares in the last quarter. Signaturefd LLC increased its stake in Brookfield Infrastructure by 178.0% during the 4th quarter. Signaturefd LLC now owns 3,019 shares of the company’s stock worth $106,000 after buying an additional 1,933 shares in the last quarter. Finally, CWM LLC increased its stake in Brookfield Infrastructure by 55.0% during the 4th quarter. CWM LLC now owns 3,192 shares of the company’s stock worth $113,000 after buying an additional 1,133 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 1.8 %

NASDAQ:BIPC traded up $0.61 during trading hours on Wednesday, hitting $34.80. 179,607 shares of the stock were exchanged, compared to its average volume of 567,650. Brookfield Infrastructure Co. has a 52-week low of $25.48 and a 52-week high of $48.23. The firm’s fifty day moving average price is $33.34 and its 200 day moving average price is $34.09. The company has a market cap of $4.59 billion, a P/E ratio of 23.74 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Friday, May 31st. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

Brookfield Infrastructure Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BIPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report).

Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

Receive News & Ratings for Brookfield Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.