Intact Investment Management Inc. purchased a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 91,000 shares of the company’s stock, valued at approximately $3,651,000.
Several other institutional investors have also added to or reduced their stakes in BIPC. Commonwealth Equity Services LLC grew its holdings in shares of Brookfield Infrastructure by 11.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 103,308 shares of the company’s stock worth $4,133,000 after purchasing an additional 10,891 shares in the last quarter. Swiss National Bank grew its holdings in shares of Brookfield Infrastructure by 0.6% during the 4th quarter. Swiss National Bank now owns 234,877 shares of the company’s stock worth $9,420,000 after purchasing an additional 1,400 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Brookfield Infrastructure by 6.8% during the 4th quarter. Truvestments Capital LLC now owns 76,855 shares of the company’s stock worth $3,075,000 after purchasing an additional 4,917 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Brookfield Infrastructure by 1,684.0% during the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after purchasing an additional 700,108 shares in the last quarter. Finally, Carmel Capital Partners LLC grew its holdings in shares of Brookfield Infrastructure by 5.2% during the 4th quarter. Carmel Capital Partners LLC now owns 33,007 shares of the company’s stock worth $1,321,000 after purchasing an additional 1,641 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.
Brookfield Infrastructure Stock Performance
BIPC opened at $34.78 on Friday. The firm has a market cap of $4.14 billion, a P/E ratio of 24.15 and a beta of 1.48. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The business’s fifty day moving average is $40.16 and its 200-day moving average is $41.24.
Brookfield Infrastructure Increases Dividend
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.
Featured Stories
- Five stocks we like better than Brookfield Infrastructure
- Why is the Ex-Dividend Date Significant to Investors?
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- How to buy stock: A step-by-step guide for beginners
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- Investing in Travel Stocks Benefits
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Want to see what other hedge funds are holding BIPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report).
Receive News & Ratings for Brookfield Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.