Commonwealth Equity Services LLC Has $1.74 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Commonwealth Equity Services LLC raised its stake in Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,260 shares of the company’s stock after purchasing an additional 736 shares during the period. Commonwealth Equity Services LLC’s holdings in Brookfield Infrastructure were worth $1,739,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BIPC. Northern Trust Corp lifted its position in Brookfield Infrastructure by 1.9% during the third quarter. Northern Trust Corp now owns 747,969 shares of the company’s stock worth $26,433,000 after acquiring an additional 13,765 shares during the last quarter. Alpine Global Management LLC bought a new stake in Brookfield Infrastructure in the 3rd quarter valued at $496,000. Royal Bank of Canada increased its position in Brookfield Infrastructure by 6.9% during the 3rd quarter. Royal Bank of Canada now owns 2,980,004 shares of the company’s stock worth $105,313,000 after buying an additional 193,611 shares during the period. Crestwood Advisors Group LLC acquired a new stake in shares of Brookfield Infrastructure during the third quarter worth $488,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Brookfield Infrastructure by 8.8% in the third quarter. Integrated Wealth Concepts LLC now owns 42,358 shares of the company’s stock valued at $1,497,000 after acquiring an additional 3,414 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Performance

NASDAQ:BIPC opened at $33.85 on Friday. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $47.44. The firm’s 50-day simple moving average is $33.97 and its 200 day simple moving average is $34.24. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 23.51 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.62 annualized dividend and a dividend yield of 4.79%. Brookfield Infrastructure’s dividend payout ratio 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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