Summit Trail Advisors LLC Raises Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Summit Trail Advisors LLC boosted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 19.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,432 shares of the company’s stock after purchasing an additional 1,546 shares during the period. Summit Trail Advisors LLC’s holdings in Brookfield Infrastructure were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BIPC. Empowered Funds LLC purchased a new position in shares of Brookfield Infrastructure during the 4th quarter valued at $1,834,000. Hedeker Wealth LLC lifted its holdings in Brookfield Infrastructure by 148.6% during the fourth quarter. Hedeker Wealth LLC now owns 23,696 shares of the company’s stock valued at $948,000 after purchasing an additional 14,163 shares during the last quarter. Jennison Associates LLC bought a new position in Brookfield Infrastructure during the fourth quarter worth about $847,000. Rice Partnership LLC increased its stake in shares of Brookfield Infrastructure by 57.1% in the fourth quarter. Rice Partnership LLC now owns 120,612 shares of the company’s stock worth $4,826,000 after purchasing an additional 43,847 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of Brookfield Infrastructure by 51.8% in the fourth quarter. DAVENPORT & Co LLC now owns 64,635 shares of the company’s stock valued at $2,586,000 after purchasing an additional 22,055 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Up 0.6 %

BIPC opened at $40.95 on Thursday. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The company has a market cap of $4.87 billion, a PE ratio of 28.44 and a beta of 1.48. The company has a 50 day moving average of $40.41 and a 200 day moving average of $41.08.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.43 dividend. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 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.