Brookfield Infrastructure (NASDAQ:BIPC) Stock Price Up 3.1% – Here’s What Happened

Brookfield Infrastructure Co. (NASDAQ:BIPC) traded up 3.1% during trading on Monday . The stock traded as high as $39.40 and last traded at $39.38. 82,433 shares were traded during mid-day trading, a decline of 83% from the average session volume of 497,861 shares. The stock had previously closed at $38.20.

Brookfield Infrastructure Stock Performance

The stock has a 50-day simple moving average of $42.02 and a two-hundred day simple moving average of $39.98. The firm has a market cap of $5.28 billion, a PE ratio of 27.78 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.405 per share. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.05%. Brookfield Infrastructure’s dividend payout ratio (DPR) is 112.50%.

Institutional Investors Weigh In On Brookfield Infrastructure

A number of large investors have recently added to or reduced their stakes in the stock. Gryphon Financial Partners LLC purchased a new position in shares of Brookfield Infrastructure in the 2nd quarter worth $136,000. Covestor Ltd lifted its holdings in Brookfield Infrastructure by 64.0% in the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after acquiring an additional 1,329 shares during the period. Toth Financial Advisory Corp boosted its position in Brookfield Infrastructure by 111.6% in the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after purchasing an additional 1,900 shares during the last quarter. Signaturefd LLC grew its stake in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after purchasing an additional 363 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of Brookfield Infrastructure during the 3rd quarter valued at about $204,000. Institutional investors own 70.38% of the company’s stock.

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.