Alliancebernstein L.P. Boosts Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Alliancebernstein L.P. raised its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,581 shares of the company’s stock after buying an additional 736 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Brookfield Infrastructure worth $6,065,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its position in shares of Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock valued at $31,000 after acquiring an additional 274 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after purchasing an additional 312 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Brookfield Infrastructure by 5.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company’s stock worth $294,000 after buying an additional 367 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after buying an additional 396 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its position in shares of Brookfield Infrastructure by 34.0% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock valued at $73,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 1.9 %

Shares of NASDAQ:BIPC opened at $34.52 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 23.97 and a beta of 1.48. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The company has a 50-day moving average price of $37.90 and a 200 day moving average price of $40.38.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.98%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 119.44%.

Brookfield Infrastructure Company 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.