Hamilton Point Investment Advisors LLC Acquires 7,880 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Hamilton Point Investment Advisors LLC boosted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,563 shares of the company’s stock after purchasing an additional 7,880 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Brookfield Infrastructure were worth $4,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BIPC. Cibc World Market Inc. raised its position in shares of Brookfield Infrastructure by 18.3% in the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock valued at $37,364,000 after buying an additional 144,188 shares in the last quarter. Gilbert & Cook Inc. increased its stake in Brookfield Infrastructure by 13.2% during the 4th quarter. Gilbert & Cook Inc. now owns 18,984 shares of the company’s stock worth $760,000 after acquiring an additional 2,213 shares during the period. BankPlus Wealth Management LLC acquired a new position in Brookfield Infrastructure in the 4th quarter valued at $398,000. Lebenthal Global Advisors LLC bought a new stake in shares of Brookfield Infrastructure during the 4th quarter valued at $315,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of 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. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ BIPC opened at $42.05 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 moving average is $40.92 and its 200 day moving average is $40.87. The stock has a market capitalization of $5.01 billion, a P/E ratio of 29.20 and a beta of 1.47.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure’s 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.