Brookfield Infrastructure Co. (NASDAQ:BIPC) Stake Boosted by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 170.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,571 shares of the company’s stock after purchasing an additional 52,681 shares during the quarter. Balyasny Asset Management L.P. owned 0.07% of Brookfield Infrastructure worth $3,346,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Brookfield Infrastructure in the fourth quarter valued at approximately $60,137,000. HighTower Advisors LLC boosted its stake in Brookfield Infrastructure by 1,684.0% in the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock valued at $29,671,000 after acquiring an additional 700,108 shares during the period. Principal Financial Group Inc. boosted its stake in Brookfield Infrastructure by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after acquiring an additional 376,254 shares during the period. JPMorgan Chase & Co. boosted its stake in Brookfield Infrastructure by 61.9% in the fourth quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company’s stock valued at $23,552,000 after acquiring an additional 225,143 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Brookfield Infrastructure by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock valued at $228,128,000 after acquiring an additional 187,719 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Down 0.1%

Shares of BIPC stock opened at $38.77 on Monday. The business has a 50 day moving average of $36.10 and a two-hundred day moving average of $39.55. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29. The company has a market cap of $4.61 billion, a P/E ratio of 26.92 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.44%. Brookfield Infrastructure’s dividend payout ratio is presently 119.44%.

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.