Xponance Inc. Buys 322 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Xponance Inc. raised its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,614 shares of the company’s stock after purchasing an additional 322 shares during the period. Xponance Inc.’s holdings in Brookfield Infrastructure were worth $256,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HBC Financial Services PLLC bought a new stake in Brookfield Infrastructure in the 1st quarter valued at about $29,000. Heritage Wealth Advisors boosted its holdings in Brookfield Infrastructure by 43.0% in the 1st quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares during the period. Pathway Financial Advisers LLC bought a new stake in Brookfield Infrastructure in the 1st quarter valued at about $68,000. Lazard Asset Management LLC bought a new stake in Brookfield Infrastructure in the 1st quarter valued at about $73,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Brookfield Infrastructure by 11.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after purchasing an additional 288 shares during the period. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 1.6 %

Shares of NASDAQ:BIPC opened at $42.73 on Wednesday. The firm has a 50 day moving average of $39.88 and a 200-day moving average of $36.04. The stock has a market capitalization of $5.64 billion, a PE ratio of 29.67 and a beta of 1.44. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $43.90.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure’s payout ratio is presently 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.