BankPlus Wealth Management LLC Acquires New Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

BankPlus Wealth Management LLC bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 9,941 shares of the company’s stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BIPC. Janney Montgomery Scott LLC boosted its holdings in Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after acquiring an additional 312 shares during the period. Xponance Inc. boosted its stake in Brookfield Infrastructure by 4.4% during the second quarter. Xponance Inc. now owns 7,614 shares of the company’s stock worth $256,000 after acquiring an additional 322 shares in the last quarter. Signaturefd LLC increased its position in 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 buying an additional 363 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Brookfield Infrastructure by 1.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock valued at $1,579,000 after purchasing an additional 364 shares during the last quarter. Finally, Hedeker Wealth LLC increased its position in shares of Brookfield Infrastructure by 4.6% during the third quarter. Hedeker Wealth LLC now owns 9,533 shares of the company’s stock valued at $414,000 after acquiring an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $41.68 on Tuesday. The business’s fifty day moving average is $41.10 and its 200 day moving average is $40.79. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The stock has a market capitalization of $4.96 billion, a PE ratio of 28.94 and a beta of 1.47.

Brookfield Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 112.50%.

Brookfield Infrastructure 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.