CHURCHILL MANAGEMENT Corp Raises Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

CHURCHILL MANAGEMENT Corp boosted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 273,706 shares of the company’s stock after acquiring an additional 8,782 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Brookfield Infrastructure were worth $10,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BIPC. FMR LLC increased its position in Brookfield Infrastructure by 5.7% in the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company’s stock valued at $540,840,000 after acquiring an additional 673,427 shares during the period. Bank of Montreal Can grew its holdings in Brookfield Infrastructure by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock valued at $153,880,000 after buying an additional 169,892 shares during the period. Copeland Capital Management LLC boosted its holdings in Brookfield Infrastructure by 1.2% in the third quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company’s stock valued at $90,416,000 after acquiring an additional 23,882 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Brookfield Infrastructure by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock valued at $27,314,000 after purchasing an additional 8,891 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new position in Brookfield Infrastructure in the 2nd quarter worth $12,632,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of BIPC stock opened at $39.52 on Thursday. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The company’s 50-day simple moving average is $41.45 and its 200-day simple moving average is $40.40. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 27.44 and a beta of 1.47.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure’s payout ratio is 112.50%.

About Brookfield Infrastructure

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.