PNC Financial Services Group Inc. Purchases 1,169 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

PNC Financial Services Group Inc. boosted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,455 shares of the company’s stock after acquiring an additional 1,169 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Brookfield Infrastructure were worth $439,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BIPC. Pacifica Partners Inc. raised its holdings in shares of Brookfield Infrastructure by 7.5% during the fourth quarter. Pacifica Partners Inc. now owns 4,968 shares of the company’s stock valued at $175,000 after purchasing an additional 347 shares during the last quarter. Allworth Financial LP raised its stake in Brookfield Infrastructure by 169.8% during the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after buying an additional 445 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of 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 buying an additional 488 shares during the period. HighTower Advisors LLC boosted its stake in shares of Brookfield Infrastructure by 7.9% in the 3rd quarter. HighTower Advisors LLC now owns 8,111 shares of the company’s stock worth $289,000 after buying an additional 597 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Brookfield Infrastructure by 413.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,021 shares of the company’s stock worth $36,000 after acquiring an additional 822 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

BIPC stock opened at $34.18 on Tuesday. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 23.74 and a beta of 1.42. The business’s 50-day moving average is $33.34 and its two-hundred day moving average is $34.07. Brookfield Infrastructure Co. has a fifty-two week low of $25.48 and a fifty-two week 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 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, May 31st. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

Brookfield Infrastructure Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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