Quantinno Capital Management LP Makes New $229,000 Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Quantinno Capital Management LP bought a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,261 shares of the company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also modified their holdings of BIPC. Nisa Investment Advisors LLC boosted its holdings in Brookfield Infrastructure by 11.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after purchasing an additional 288 shares during the period. Xponance Inc. boosted its stake in shares of Brookfield Infrastructure by 4.4% in the second quarter. Xponance Inc. now owns 7,614 shares of the company’s stock valued at $256,000 after buying an additional 322 shares during the period. Signaturefd LLC grew its position in Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after buying an additional 363 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Brookfield Infrastructure by 1.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock worth $1,579,000 after acquiring an additional 364 shares during the period. Finally, Hedeker Wealth LLC raised its holdings in Brookfield Infrastructure by 4.6% in the 3rd quarter. Hedeker Wealth LLC now owns 9,533 shares of the company’s stock valued at $414,000 after acquiring an additional 423 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

BIPC opened at $39.86 on Tuesday. 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 $5.26 billion, a P/E ratio of 27.68 and a beta of 1.45. The business’s fifty day moving average is $42.90 and its 200-day moving average is $39.63.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

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.