Sei Investments Co. Acquires 4,907 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sei Investments Co. lifted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,331 shares of the company’s stock after buying an additional 4,907 shares during the period. Sei Investments Co.’s holdings in Brookfield Infrastructure were worth $1,829,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in shares of Brookfield Infrastructure by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock worth $729,000 after buying an additional 16,132 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Brookfield Infrastructure by 379.6% in the 4th quarter. Hsbc Holdings PLC now owns 41,707 shares of the company’s stock worth $1,468,000 after buying an additional 33,010 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Brookfield Infrastructure in the 1st quarter worth about $996,000. Vanguard Group Inc. increased its holdings in shares of Brookfield Infrastructure by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock worth $175,974,000 after buying an additional 99,582 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new position in Brookfield Infrastructure during the 1st quarter valued at about $89,710,000. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Trading Up 1.2 %

Shares of NASDAQ:BIPC opened at $42.00 on Friday. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 29.17 and a beta of 1.44. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $43.90. The firm’s 50-day moving average is $40.09 and its 200 day moving average is $36.20.

Brookfield Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 annualized dividend and a yield of 3.86%. Brookfield Infrastructure’s payout ratio is 112.50%.

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.