Cerity Partners LLC Buys 7,983 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Cerity Partners LLC lifted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 82.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,699 shares of the company’s stock after purchasing an additional 7,983 shares during the quarter. Cerity Partners LLC’s holdings in Brookfield Infrastructure were worth $624,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Raymond James & Associates lifted its position in Brookfield Infrastructure by 25.3% during the fourth quarter. Raymond James & Associates now owns 204,178 shares of the company’s stock worth $7,203,000 after purchasing an additional 41,192 shares during the period. Fenimore Asset Management Inc. raised its position in shares of Brookfield Infrastructure by 7.2% in the 4th quarter. Fenimore Asset Management Inc. now owns 493,922 shares of the company’s stock valued at $17,426,000 after buying an additional 33,155 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Brookfield Infrastructure by 22.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock worth $172,754,000 after acquiring an additional 911,454 shares during the period. WESPAC Advisors LLC acquired a new stake in shares of Brookfield Infrastructure during the 4th quarter worth approximately $406,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Brookfield Infrastructure by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 228,036 shares of the company’s stock valued at $8,059,000 after acquiring an additional 1,107 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $31.78 on Thursday. The business has a fifty day moving average price of $33.69 and a two-hundred day moving average price of $33.28. The stock has a market capitalization of $4.19 billion, a PE ratio of 22.07 and a beta of 1.38. Brookfield Infrastructure Co. has a fifty-two week low of $25.48 and a fifty-two week high of $48.23.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.405 per share. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

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.