HighTower Advisors LLC Boosts Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

HighTower Advisors LLC boosted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1,684.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 741,682 shares of the company’s stock after acquiring an additional 700,108 shares during the period. HighTower Advisors LLC owned 0.62% of Brookfield Infrastructure worth $29,671,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. J.Safra Asset Management Corp increased its position in Brookfield Infrastructure by 55.0% during the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock worth $31,000 after purchasing an additional 274 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Brookfield Infrastructure by 217.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock worth $44,000 after buying an additional 758 shares during the last quarter. Allworth Financial LP raised its position in shares of Brookfield Infrastructure by 42.9% during 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 period. Morgan Dempsey Capital Management LLC lifted its holdings in Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock valued at $73,000 after acquiring an additional 460 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in Brookfield Infrastructure in the third quarter worth approximately $204,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 1.6 %

NASDAQ:BIPC opened at $34.78 on Friday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The stock’s fifty day moving average is $40.16 and its two-hundred day moving average is $41.24. The company has a market capitalization of $4.14 billion, a P/E ratio of 24.15 and a beta of 1.48.

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 given a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.95%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio is presently 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.