1858 Wealth Management LLC Makes New Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

1858 Wealth Management LLC bought a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,027 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also recently made changes to their positions in the company. HBC Financial Services PLLC acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at approximately $29,000. Heritage Wealth Advisors boosted its position in shares of Brookfield Infrastructure by 43.0% during the 1st quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Brookfield Infrastructure in the first quarter valued at about $68,000. Lazard Asset Management LLC acquired a new stake in Brookfield Infrastructure during the first quarter worth about $73,000. Finally, Nisa Investment Advisors LLC raised its stake in Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after purchasing an additional 288 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Down 0.5 %

Shares of Brookfield Infrastructure stock traded down $0.20 during mid-day trading on Monday, hitting $43.43. The stock had a trading volume of 77,950 shares, compared to its average volume of 514,950. The firm has a 50-day moving average of $41.00 and a two-hundred day moving average of $36.73. The firm has a market cap of $5.73 billion, a P/E ratio of 30.12 and a beta of 1.44. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $44.03.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 annualized dividend and a yield of 3.73%. Brookfield Infrastructure’s dividend payout ratio (DPR) is 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.