BankPlus Trust Department Takes $1.05 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

BankPlus Trust Department purchased a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,337 shares of the company’s stock, valued at approximately $1,054,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BIPC. FMR LLC increased its position in shares of Brookfield Infrastructure by 5.7% during the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after purchasing an additional 673,427 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Brookfield Infrastructure by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after buying an additional 376,254 shares during the last quarter. Cibc World Market Inc. raised its position in Brookfield Infrastructure by 18.3% in the 4th quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock valued at $37,364,000 after purchasing an additional 144,188 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Brookfield Infrastructure by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock worth $27,314,000 after purchasing an additional 8,891 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Brookfield Infrastructure by 26.2% during the 4th quarter. CIBC Asset Management Inc now owns 398,141 shares of the company’s stock worth $16,123,000 after purchasing an additional 82,548 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

Shares of BIPC opened at $42.34 on Monday. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 29.40 and a beta of 1.48. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The firm has a 50-day simple moving average of $40.34 and a 200-day simple moving average of $41.31.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 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.