Rockefeller Capital Management L.P. Buys 1,906 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Rockefeller Capital Management L.P. boosted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,253 shares of the company’s stock after buying an additional 1,906 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Brookfield Infrastructure were worth $1,531,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BIPC. Norges Bank bought a new stake in shares of Brookfield Infrastructure during the fourth quarter valued at approximately $60,137,000. HighTower Advisors LLC increased its holdings in Brookfield Infrastructure by 1,684.0% during the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after purchasing an additional 700,108 shares during the period. Principal Financial Group Inc. raised its position in Brookfield Infrastructure by 13.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after purchasing an additional 376,254 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Brookfield Infrastructure by 61.9% in the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company’s stock worth $23,552,000 after buying an additional 225,143 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Brookfield Infrastructure by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock worth $228,128,000 after buying an additional 187,719 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

BIPC stock 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 business has a 50-day moving average price of $37.30 and a 200 day moving average price of $40.11. The company has a market capitalization of $4.18 billion, a P/E ratio of 24.41 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

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

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.