Rockefeller Capital Management L.P. Raises Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Rockefeller Capital Management L.P. boosted its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,347 shares of the company’s stock after purchasing an additional 364 shares during the period. Rockefeller Capital Management L.P.’s holdings in Brookfield Infrastructure were worth $1,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Brookfield Infrastructure by 5.7% in the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after purchasing an additional 673,427 shares during the last quarter. Clearbridge Investments LLC bought a new stake in Brookfield Infrastructure in the 2nd quarter worth $12,632,000. Wulff Hansen & CO. increased its position in shares of Brookfield Infrastructure by 2,158.9% in the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock valued at $10,357,000 after acquiring an additional 294,065 shares during the period. Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure by 9.0% during the second quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock valued at $96,704,000 after acquiring an additional 236,355 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of Brookfield Infrastructure by 11,621.8% during the third quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company’s stock worth $9,662,000 after purchasing an additional 220,581 shares during the period. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $42.80 on Friday. The business’s 50-day moving average is $42.98 and its 200 day moving average is $39.33. The stock 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 $45.29.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 3.79%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 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.