Greenwich Wealth Management LLC Has $306,000 Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Greenwich Wealth Management LLC increased its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,654 shares of the company’s stock after purchasing an additional 500 shares during the period. Greenwich Wealth Management LLC’s holdings in Brookfield Infrastructure were worth $306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BIPC. FMR LLC grew its position in shares of Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after buying an additional 673,427 shares during the period. Principal Financial Group Inc. boosted 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 last quarter. Cibc World Market Inc. boosted its stake in Brookfield Infrastructure by 18.3% during the 4th quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock worth $37,364,000 after acquiring an additional 144,188 shares during the last quarter. HighTower Advisors LLC grew its holdings in Brookfield Infrastructure by 1,684.0% during the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock valued at $29,671,000 after purchasing an additional 700,108 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Brookfield Infrastructure by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company’s stock valued at $25,371,000 after purchasing an additional 4,689 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 1.6 %

Shares of NASDAQ BIPC opened at $34.78 on Monday. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 24.15 and a beta of 1.48. The company’s fifty day moving average is $40.16 and its 200-day moving average is $41.25.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.95%. Brookfield Infrastructure’s payout ratio is currently 119.44%.

Brookfield Infrastructure 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.