Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC raised its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,938 shares of the company’s stock after purchasing an additional 3,254 shares during the quarter. Truvestments Capital LLC’s holdings in Brookfield Infrastructure were worth $3,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new stake in shares of Brookfield Infrastructure in the 1st quarter valued at approximately $68,000. Lazard Asset Management LLC acquired a new stake in Brookfield Infrastructure in the first quarter valued at $73,000. Nisa Investment Advisors LLC boosted its position in shares of Brookfield Infrastructure by 11.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after purchasing an additional 288 shares in the last quarter. CWM LLC grew its stake in shares of Brookfield Infrastructure by 10.7% during the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after purchasing an additional 305 shares during the period. Finally, Gryphon Financial Partners LLC purchased a new position in shares of Brookfield Infrastructure in the 2nd quarter valued at about $136,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 0.1 %

BIPC stock opened at $44.20 on Monday. The company’s 50-day moving average price is $42.61 and its 200 day moving average price is $38.70. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $44.54. The company has a market cap of $5.84 billion, a P/E ratio of 30.65 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 112.50%.

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.