Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 20.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,053 shares of the company’s stock after acquiring an additional 1,870 shares during the period. Townsquare Capital LLC’s holdings in Brookfield Infrastructure were worth $442,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp lifted its position in Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock worth $31,000 after acquiring an additional 274 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Brookfield Infrastructure by 217.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock worth $44,000 after purchasing an additional 758 shares during the period. Allworth Financial LP boosted its position in Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after buying an additional 396 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its position in Brookfield Infrastructure by 34.0% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock worth $73,000 after buying an additional 460 shares during the last quarter. Finally, FIL Ltd boosted its holdings in shares of Brookfield Infrastructure by 30.2% in the 4th quarter. FIL Ltd now owns 2,922 shares of the company’s stock valued at $117,000 after acquiring an additional 678 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $35.16 on Monday. Brookfield Infrastructure Co. has a 1 year low of $29.30 and a 1 year high of $45.29. The company has a market capitalization of $4.18 billion, a PE ratio of 24.41 and a beta of 1.48. The company has a fifty day moving average of $37.30 and a 200 day moving average of $40.11.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%.

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.