96,562 Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) in the 3rd quarter, Holdings Channel.com reports. The firm bought 96,562 shares of the company’s stock, valued at approximately $4,194,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BIPC. Vanguard Group Inc. increased its position in Brookfield Infrastructure by 2.0% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. increased its holdings in Brookfield Infrastructure by 10.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,455 shares of the company’s stock worth $439,000 after acquiring an additional 1,169 shares in the last quarter. Addenda Capital Inc. bought a new stake in Brookfield Infrastructure during the 1st quarter worth approximately $227,000. Allspring Global Investments Holdings LLC lifted its holdings in Brookfield Infrastructure by 20.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the company’s stock valued at $242,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Brookfield Infrastructure by 1.5% in the first quarter. Commonwealth Equity Services LLC now owns 48,260 shares of the company’s stock worth $1,739,000 after purchasing an additional 736 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $43.53 on Thursday. Brookfield Infrastructure Co. has a one year low of $25.48 and a one year high of $44.03. The company’s fifty day moving average price is $41.38 and its 200-day moving average price is $36.92. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 30.23 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.405 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.72%. Brookfield Infrastructure’s payout ratio 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.