Brookfield Infrastructure (NASDAQ:BIPC) Hits New 52-Week High at $40.69

Brookfield Infrastructure Co. (NASDAQ:BIPC) shares reached a new 52-week high during trading on Friday . The stock traded as high as $40.69 and last traded at $40.69, with a volume of 101979 shares traded. The stock had previously closed at $39.41.

Brookfield Infrastructure Stock Up 4.0 %

The firm has a 50-day moving average price of $36.35 and a 200 day moving average price of $34.81. The firm has a market capitalization of $5.41 billion, a PE ratio of 27.37 and a beta of 1.44.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.405 per share. The ex-dividend date is Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.95%. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. HBC Financial Services PLLC acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at $29,000. Heritage Wealth Advisors purchased a new stake in Brookfield Infrastructure in the 4th quarter valued at approximately $33,000. SRS Capital Advisors Inc. boosted its stake in shares of Brookfield Infrastructure by 413.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,021 shares of the company’s stock worth $36,000 after acquiring an additional 822 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Brookfield Infrastructure during the 1st quarter worth approximately $68,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Brookfield Infrastructure during the 1st quarter worth approximately $73,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

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.