Geode Capital Management LLC Raises Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Geode Capital Management LLC increased its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,535,519 shares of the company’s stock after purchasing an additional 3,179 shares during the quarter. Geode Capital Management LLC’s holdings in Brookfield Infrastructure were worth $66,687,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Raymond James & Associates increased its position in Brookfield Infrastructure by 13.0% during the 2nd quarter. Raymond James & Associates now owns 241,697 shares of the company’s stock valued at $8,136,000 after purchasing an additional 27,737 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after buying an additional 288 shares during the period. Bank of New York Mellon Corp boosted its position in Brookfield Infrastructure by 12.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 441,589 shares of the company’s stock valued at $14,864,000 after acquiring an additional 47,319 shares in the last quarter. LDR Capital Management LLC increased its holdings in shares of Brookfield Infrastructure by 22.2% in the 2nd quarter. LDR Capital Management LLC now owns 81,868 shares of the company’s stock valued at $2,756,000 after acquiring an additional 14,864 shares during the period. Finally, K.J. Harrison & Partners Inc bought a new position in shares of Brookfield Infrastructure in the 2nd quarter worth $866,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $37.73 on Friday. The stock’s 50-day moving average is $42.60 and its 200 day moving average is $39.69. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The company has a market cap of $4.98 billion, a P/E ratio of 26.20 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s payout ratio is currently 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.