Leavell Investment Management Inc. Takes $418,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Leavell Investment Management Inc. purchased a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,634 shares of the company’s stock, valued at approximately $418,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC bought a new position in shares of Brookfield Infrastructure in the 2nd quarter worth approximately $12,632,000. Wulff Hansen & CO. grew its stake in Brookfield Infrastructure by 2,158.9% in the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock worth $10,357,000 after purchasing an additional 294,065 shares during the period. Vanguard Group Inc. grew its stake in Brookfield Infrastructure by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after purchasing an additional 279,676 shares during the period. Principal Financial Group Inc. raised its holdings in Brookfield Infrastructure by 9.0% in the second quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock worth $96,704,000 after purchasing an additional 236,355 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its position in Brookfield Infrastructure by 11,621.8% during the third quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company’s stock valued at $9,662,000 after buying an additional 220,581 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

NASDAQ:BIPC opened at $42.80 on Monday. The firm’s 50-day moving average price is $42.01 and its 200-day moving average price is $37.93. The company has a market capitalization of $5.65 billion, a PE ratio of 29.72 and a beta of 1.45. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $44.26.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

About Brookfield Infrastructure

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.