Avalon Trust Co Increases Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Avalon Trust Co raised its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 192,372 shares of the company’s stock after purchasing an additional 8,506 shares during the quarter. Avalon Trust Co owned 0.16% of Brookfield Infrastructure worth $7,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BIPC. J.Safra Asset Management Corp lifted its holdings in shares of Brookfield Infrastructure by 55.0% in the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock valued at $31,000 after buying an additional 274 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Brookfield Infrastructure by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after buying an additional 312 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Brookfield Infrastructure by 1.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock valued at $1,579,000 after buying an additional 364 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Brookfield Infrastructure by 5.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company’s stock valued at $294,000 after buying an additional 367 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Brookfield Infrastructure by 42.9% in 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. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

BIPC opened at $34.78 on Friday. The business has a 50 day simple moving average of $40.16 and a 200-day simple moving average of $41.24. The stock has a market capitalization of $4.14 billion, a P/E ratio of 24.15 and a beta of 1.48. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.43 dividend. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) 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.