Quad Cities Investment Group LLC Buys Shares of 5,931 Brookfield Infrastructure Co. (NASDAQ:BIPC)

Quad Cities Investment Group LLC acquired a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,931 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Brookfield Infrastructure by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after purchasing an additional 279,676 shares in the last quarter. Bank of Montreal Can raised its stake in Brookfield Infrastructure by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after buying an additional 169,892 shares during the period. Principal Financial Group Inc. increased its position in shares of Brookfield Infrastructure by 9.0% during the second quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock worth $96,704,000 after acquiring an additional 236,355 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in Brookfield Infrastructure by 6.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 2,249,798 shares of the company’s stock worth $81,083,000 after purchasing an additional 136,647 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Brookfield Infrastructure by 2.7% in the 2nd quarter. National Bank of Canada FI now owns 1,272,758 shares of the company’s stock valued at $41,935,000 after buying an additional 33,541 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

NASDAQ:BIPC traded up $0.44 on Thursday, hitting $43.44. The stock had a trading volume of 65,927 shares, compared to its average volume of 516,516. The stock has a market cap of $5.73 billion, a P/E ratio of 30.13 and a beta of 1.44. The firm’s fifty day simple moving average is $40.73 and its two-hundred day simple moving average is $36.59. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $43.90.

Brookfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given 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 dividend yield of 3.73%. Brookfield Infrastructure’s dividend payout ratio is currently 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.