Russell Investments Group Ltd. Boosts Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Russell Investments Group Ltd. boosted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 8.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 151,135 shares of the company’s stock after acquiring an additional 12,414 shares during the period. Russell Investments Group Ltd.’s holdings in Brookfield Infrastructure were worth $5,334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BIPC. International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $343,320,000 after purchasing an additional 948,644 shares during 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 valued at $172,754,000 after purchasing an additional 911,454 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Brookfield Infrastructure during the 3rd quarter valued at $26,840,000. Pentwater Capital Management LP purchased a new stake in shares of Brookfield Infrastructure during the 3rd quarter valued at $12,842,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Brookfield Infrastructure by 20.5% during 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. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 2.3 %

Shares of BIPC opened at $34.97 on Friday. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $48.23. The stock has a fifty day moving average price of $33.06 and a 200-day moving average price of $33.33. The firm has a market cap of $4.61 billion, a PE ratio of 24.28 and a beta of 1.42.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Infrastructure’s 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.