Xponance Inc. Buys 744 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Xponance Inc. increased its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 9.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,554 shares of the company’s stock after acquiring an additional 744 shares during the quarter. Xponance Inc.’s holdings in Brookfield Infrastructure were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. J.Safra Asset Management Corp boosted its holdings in Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock worth $31,000 after acquiring an additional 274 shares during the last quarter. Jones Financial Companies Lllp grew its position in Brookfield Infrastructure by 217.8% in 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. Allworth Financial LP increased its stake in Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after buying an additional 396 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in shares of Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock valued at $73,000 after acquiring an additional 460 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after acquiring an additional 312 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

Shares of NASDAQ:BIPC opened at $36.78 on Friday. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29. The company has a market capitalization of $4.38 billion, a PE ratio of 25.54 and a beta of 1.48. The business has a fifty day moving average price of $39.49 and a two-hundred day moving average price of $40.96.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.68%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 119.44%.

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.