Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. lifted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 113,633.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,412 shares of the company’s stock after buying an additional 3,409 shares during the period. NBC Securities Inc.’s holdings in Brookfield Infrastructure were worth $123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BIPC. Janney Montgomery Scott LLC increased its holdings in shares of Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock worth $202,000 after buying an additional 312 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Brookfield Infrastructure during the 4th quarter worth $1,834,000. Summit Trail Advisors LLC increased its holdings in shares of Brookfield Infrastructure by 19.6% during the 4th quarter. Summit Trail Advisors LLC now owns 9,432 shares of the company’s stock worth $377,000 after buying an additional 1,546 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in shares of Brookfield Infrastructure by 106.6% during the 4th quarter. Leavell Investment Management Inc. now owns 19,902 shares of the company’s stock worth $796,000 after buying an additional 10,268 shares during the last quarter. Finally, Marks Group Wealth Management Inc increased its holdings in shares of Brookfield Infrastructure by 11.4% during the 4th quarter. Marks Group Wealth Management Inc now owns 10,297 shares of the company’s stock worth $412,000 after buying an additional 1,054 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Up 1.0%

BIPC stock opened at $41.12 on Tuesday. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 28.56 and a beta of 1.38. The business has a fifty day simple moving average of $37.54 and a 200-day simple moving average of $39.08. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.43 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.18%. Brookfield Infrastructure’s dividend payout ratio is currently 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.