State of Tennessee Department of Treasury Has $4.52 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

State of Tennessee Department of Treasury raised its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,962 shares of the company’s stock after purchasing an additional 14,328 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Brookfield Infrastructure were worth $4,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BIPC. JPMorgan Chase & Co. raised its stake in Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock worth $15,787,000 after acquiring an additional 116,256 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Brookfield Infrastructure during the 3rd quarter worth about $262,000. Jones Financial Companies Lllp increased its position in shares of Brookfield Infrastructure by 217.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock worth $44,000 after purchasing an additional 758 shares in the last quarter. Townsquare Capital LLC lifted its holdings in Brookfield Infrastructure by 20.4% during the 4th quarter. Townsquare Capital LLC now owns 11,053 shares of the company’s stock valued at $442,000 after purchasing an additional 1,870 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Brookfield Infrastructure by 315.1% in the fourth quarter. Van ECK Associates Corp now owns 136,903 shares of the company’s stock valued at $5,490,000 after buying an additional 103,920 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Up 0.3 %

NASDAQ BIPC opened at $36.34 on Friday. Brookfield Infrastructure Co. has a 1-year low of $29.30 and a 1-year high of $45.29. The company has a 50 day moving average of $36.72 and a 200-day moving average of $39.93. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 25.24 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.73%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%.

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.