Vanguard Group Inc. Has $228.13 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Vanguard Group Inc. grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,687,931 shares of the company’s stock after acquiring an additional 187,719 shares during the period. Vanguard Group Inc.’s holdings in Brookfield Infrastructure were worth $228,128,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. J.Safra Asset Management Corp increased its holdings in Brookfield Infrastructure by 55.0% in the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock worth $31,000 after purchasing an additional 274 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after buying an additional 758 shares during the period. Allworth Financial LP raised its holdings in Brookfield Infrastructure by 42.9% in the 4th 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 boosted 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 period. Finally, Janney Montgomery Scott LLC increased its position in Brookfield Infrastructure by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after acquiring an additional 312 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC opened at $34.56 on Friday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The firm has a market cap of $4.11 billion, a PE ratio of 24.00 and a beta of 1.48. The firm’s fifty day moving average is $38.92 and its 200-day moving average is $40.77.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.98%. 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 payout ratio is 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.