Los Angeles Capital Management LLC Grows Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Los Angeles Capital Management LLC lifted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 68.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 38,923 shares of the company’s stock after purchasing an additional 15,764 shares during the period. Los Angeles Capital Management LLC’s holdings in Brookfield Infrastructure were worth $1,377,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BIPC. Pacifica Partners Inc. raised its holdings in Brookfield Infrastructure by 7.5% in the 4th quarter. Pacifica Partners Inc. now owns 4,968 shares of the company’s stock worth $175,000 after purchasing an additional 347 shares in the last quarter. Sigma Planning Corp raised its stake in Brookfield Infrastructure by 1.9% in the third quarter. Sigma Planning Corp now owns 20,572 shares of the company’s stock worth $727,000 after buying an additional 374 shares in the last quarter. Corrado Advisors LLC lifted its holdings in Brookfield Infrastructure by 1.8% in the third quarter. Corrado Advisors LLC now owns 22,779 shares of the company’s stock worth $805,000 after buying an additional 403 shares during the period. Allworth Financial LP lifted its holdings in Brookfield Infrastructure by 169.8% in the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock worth $25,000 after buying an additional 445 shares during the period. Finally, Belpointe Asset Management LLC boosted its position in Brookfield Infrastructure by 8.5% during the 3rd quarter. Belpointe Asset Management LLC now owns 6,213 shares of the company’s stock valued at $220,000 after acquiring an additional 488 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC opened at $34.18 on Thursday. The firm has a market capitalization of $4.51 billion, a P/E ratio of 23.74 and a beta of 1.42. The stock has a 50 day moving average price of $33.02 and a 200-day moving average price of $33.32. Brookfield Infrastructure Co. has a 52-week low of $25.48 and a 52-week high of $48.23.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.405 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a yield of 4.74%. Brookfield Infrastructure’s dividend payout ratio (DPR) is 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.