5,826 Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC) Purchased by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors purchased a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,826 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in shares of Brookfield Infrastructure by 169.8% during the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after buying an additional 445 shares during the period. CWM LLC raised its stake in Brookfield Infrastructure by 81.6% in the third quarter. CWM LLC now owns 2,059 shares of the company’s stock worth $73,000 after buying an additional 925 shares in the last quarter. Signaturefd LLC raised its stake in Brookfield Infrastructure by 178.0% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the company’s stock worth $106,000 after buying an additional 1,933 shares in the last quarter. NBC Securities Inc. purchased a new position in Brookfield Infrastructure in the third quarter worth $121,000. Finally, Whittier Trust Co. grew its holdings in Brookfield Infrastructure by 1,028.5% in the third quarter. Whittier Trust Co. now owns 3,916 shares of the company’s stock worth $138,000 after purchasing an additional 3,569 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC traded down $0.69 on Tuesday, hitting $30.47. The stock had a trading volume of 767,264 shares, compared to its average volume of 564,688. The business’s fifty day moving average price is $33.38 and its 200 day moving average price is $33.23. Brookfield Infrastructure Co. has a 52-week low of $25.48 and a 52-week high of $48.23. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 21.64 and a beta of 1.38.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.38. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.32%. Brookfield Infrastructure’s payout ratio is 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.