Wealth Enhancement Advisory Services LLC Boosts Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Wealth Enhancement Advisory Services LLC increased its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,765 shares of the company’s stock after buying an additional 3,933 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Brookfield Infrastructure were worth $831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Brookfield Infrastructure during the 4th quarter worth approximately $60,137,000. HighTower Advisors LLC raised its stake 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 acquiring an additional 700,108 shares during the period. Principal Financial Group Inc. raised its stake 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 worth $124,423,000 after acquiring an additional 376,254 shares during the period. JPMorgan Chase & Co. raised its stake in Brookfield Infrastructure by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company’s stock worth $23,552,000 after acquiring an additional 225,143 shares during the period. Finally, Vanguard Group Inc. raised its stake in 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 acquiring an additional 187,719 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 1.0%

NASDAQ BIPC opened at $41.12 on Tuesday. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $45.29. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 28.56 and a beta of 1.38. The company’s 50 day moving average is $37.54 and its two-hundred day moving average is $39.08.

Brookfield Infrastructure Announces Dividend

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