Harbor Advisory Corp MA Purchases 3,413 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Harbor Advisory Corp MA lifted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,931 shares of the company’s stock after acquiring an additional 3,413 shares during the quarter. Harbor Advisory Corp MA’s holdings in Brookfield Infrastructure were worth $1,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in Brookfield Infrastructure by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after buying an additional 16,132 shares during the period. Toronto Dominion Bank grew its position in Brookfield Infrastructure by 32.0% during the second quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock valued at $5,023,000 after buying an additional 36,183 shares during the period. Avantax Advisory Services Inc. bought a new position in Brookfield Infrastructure during the first quarter valued at about $996,000. Vanguard Group Inc. grew its position in Brookfield Infrastructure by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock valued at $175,974,000 after buying an additional 99,582 shares during the period. Finally, Bank of Montreal Can boosted its position in Brookfield Infrastructure by 3.9% during the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after purchasing an additional 169,892 shares during the period. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ:BIPC traded down $0.05 on Tuesday, reaching $43.19. 81,693 shares of the company’s stock were exchanged, compared to its average volume of 513,816. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 29.86 and a beta of 1.44. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $44.03. The stock has a fifty day simple moving average of $41.13 and a 200-day simple moving average of $36.80.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a dividend of $0.405 per share. The ex-dividend date was Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a yield of 3.75%. Brookfield Infrastructure’s dividend payout ratio is presently 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.