Avalon Trust Co Boosts Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Avalon Trust Co boosted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,372 shares of the company’s stock after purchasing an additional 8,506 shares during the quarter. Avalon Trust Co’s holdings in Brookfield Infrastructure were worth $7,697,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp lifted its position in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock valued at $31,000 after acquiring an additional 274 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after acquiring an additional 758 shares in the last quarter. Allworth Financial LP lifted its position in shares of Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after acquiring an additional 396 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its position in shares of Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock valued at $73,000 after acquiring an additional 460 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of Brookfield Infrastructure in the third quarter valued at $204,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Up 1.6 %

Shares of NASDAQ:BIPC opened at $34.78 on Friday. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The stock’s fifty day simple moving average is $40.16 and its 200-day simple moving average is $41.24. The company has a market capitalization of $4.14 billion, a P/E ratio of 24.15 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.43 dividend. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.95%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio is presently 119.44%.

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.