Benjamin F. Edwards & Company Inc. Acquires 8,792 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3,996.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,012 shares of the company’s stock after acquiring an additional 8,792 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Brookfield Infrastructure were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BIPC. International Assets Investment Management LLC lifted its holdings in Brookfield Infrastructure by 3,874.5% during the 4th quarter. International Assets Investment Management LLC now owns 973,128 shares of the company’s stock worth $343,320,000 after buying an additional 948,644 shares during the period. Vanguard Group Inc. boosted its holdings in Brookfield Infrastructure by 22.9% in the third quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock valued at $172,754,000 after acquiring an additional 911,454 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in Brookfield Infrastructure during the 3rd quarter valued at approximately $26,840,000. Pentwater Capital Management LP acquired a new position in shares of Brookfield Infrastructure in the 3rd quarter worth approximately $12,842,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Brookfield Infrastructure by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,036,741 shares of the company’s stock valued at $71,978,000 after purchasing an additional 346,652 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 2.3 %

Shares of NASDAQ BIPC opened at $34.97 on Friday. The company has a market capitalization of $4.61 billion, a PE ratio of 24.28 and a beta of 1.42. The firm has a fifty day simple moving average of $33.06 and a 200 day simple moving average of $33.33. Brookfield Infrastructure Co. has a twelve month low of $25.48 and a twelve month high of $48.23.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Friday, May 31st. Brookfield Infrastructure’s dividend payout ratio is 112.50%.

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.