Raymond James & Associates Acquires 41192 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Raymond James & Associates boosted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 204,178 shares of the company's stock after purchasing an additional 41,192 shares during the period. Raymond James & Associates owned approximately 0.15% of Brookfield Infrastructure worth $7,203,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp purchased a new stake in Brookfield Infrastructure during the 4th quarter worth approximately $9,834,000. Lantz Financial LLC boosted its holdings in shares of Brookfield Infrastructure by 9.0% in the 4th quarter. Lantz Financial LLC now owns 42,080 shares of the company's stock valued at $1,485,000 after acquiring an additional 3,490 shares during the last quarter. Paragon Capital Management Ltd boosted its holdings in shares of Brookfield Infrastructure by 49.8% in the 4th quarter. Paragon Capital Management Ltd now owns 114,986 shares of the company's stock valued at $4,057,000 after acquiring an additional 38,219 shares during the last quarter. Quad Cities Investment Group LLC purchased a new stake in shares of Brookfield Infrastructure in the 4th quarter valued at $473,000. Finally, Pacifica Partners Inc. boosted its holdings in shares of Brookfield Infrastructure by 7.5% in the 4th quarter. Pacifica Partners Inc. now owns 4,968 shares of the company's stock valued at $175,000 after acquiring an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

BIPC stock opened at $33.67 on Monday. The firm's fifty day simple moving average is $34.95 and its 200-day simple moving average is $33.65. The company has a market capitalization of $4.44 billion, a P/E ratio of 23.38 and a beta of 1.38. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $48.23.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.405 dividend. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Wednesday, February 28th. Brookfield Infrastructure's dividend payout ratio is 112.50%.

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.

Recommended Stories

Before you consider Brookfield Infrastructure, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Infrastructure wasn't on the list.

While Brookfield Infrastructure currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report