Hedeker Wealth LLC Has $948,000 Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Hedeker Wealth LLC boosted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 148.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,696 shares of the company’s stock after buying an additional 14,163 shares during the quarter. Hedeker Wealth LLC’s holdings in Brookfield Infrastructure were worth $948,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its stake in Brookfield Infrastructure by 424.1% during the second quarter. Cubist Systematic Strategies LLC now owns 21,069 shares of the company’s stock valued at $709,000 after acquiring an additional 27,569 shares during the period. Pinnacle Wealth Management Group Inc. boosted its stake in Brookfield Infrastructure by 13.1% during the third quarter. Pinnacle Wealth Management Group Inc. now owns 14,869 shares of the company’s stock worth $646,000 after buying an additional 1,728 shares in the last quarter. Procyon Advisors LLC increased its holdings in Brookfield Infrastructure by 3.7% in the 3rd quarter. Procyon Advisors LLC now owns 26,950 shares of the company’s stock valued at $1,170,000 after buying an additional 950 shares during the period. Creative Planning raised its stake in shares of Brookfield Infrastructure by 8.3% in the 3rd quarter. Creative Planning now owns 28,886 shares of the company’s stock valued at $1,255,000 after buying an additional 2,226 shares in the last quarter. Finally, Baskin Financial Services Inc. lifted its holdings in shares of Brookfield Infrastructure by 3.3% during the 3rd quarter. Baskin Financial Services Inc. now owns 45,262 shares of the company’s stock worth $1,964,000 after acquiring an additional 1,465 shares during the period. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock opened at $41.52 on Friday. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The firm has a market cap of $4.94 billion, a P/E ratio of 28.83 and a beta of 1.47. The firm’s 50-day simple moving average is $40.69 and its 200-day simple moving average is $40.98.

Brookfield Infrastructure Increases Dividend

The company also recently declared 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 is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 4.14%. 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.