Leavell Investment Management Inc. Purchases 10,268 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Leavell Investment Management Inc. grew its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 106.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,902 shares of the company’s stock after acquiring an additional 10,268 shares during the quarter. Leavell Investment Management Inc.’s holdings in Brookfield Infrastructure were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd increased its stake in shares of Brookfield Infrastructure by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after purchasing an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp increased its stake 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 worth $156,000 after purchasing an additional 1,900 shares in the last quarter. Signaturefd LLC increased its stake in shares of Brookfield Infrastructure by 9.8% in the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after purchasing an additional 363 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Brookfield Infrastructure in the 3rd quarter worth $204,000. Finally, MML Investors Services LLC purchased a new stake in shares of Brookfield Infrastructure in the 3rd quarter worth $211,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Price Performance

NASDAQ:BIPC opened at $42.03 on Friday. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 29.19 and a beta of 1.48. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The business has a fifty day moving average price of $40.36 and a 200-day moving average price of $41.08.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.09%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio is 119.44%.

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.