LPL Financial LLC Increases Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

LPL Financial LLC boosted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC – Get Rating) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 39,635 shares of the company’s stock after buying an additional 560 shares during the period. LPL Financial LLC’s holdings in Brookfield Infrastructure were worth $1,542,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BIPC. Vanguard Group Inc. grew its holdings in Brookfield Infrastructure by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,006,249 shares of the company’s stock valued at $163,055,000 after purchasing an additional 20,346 shares during the last quarter. BlackRock Inc. boosted its holdings in Brookfield Infrastructure by 7.4% during the 1st quarter. BlackRock Inc. now owns 3,763,219 shares of the company’s stock valued at $283,898,000 after acquiring an additional 258,946 shares during the period. Arete Wealth Advisors LLC bought a new position in Brookfield Infrastructure in the 4th quarter valued at $16,359,735,150,000. Canada Pension Plan Investment Board increased its stake in Brookfield Infrastructure by 14.4% in the third quarter. Canada Pension Plan Investment Board now owns 1,663,760 shares of the company’s stock worth $68,086,000 after purchasing an additional 209,795 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Brookfield Infrastructure by 5.7% during the fourth quarter. Bank of Montreal Can now owns 1,507,916 shares of the company’s stock worth $65,798,000 after purchasing an additional 80,890 shares during the last quarter. 62.56% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Trading Up 0.2 %

BIPC opened at $46.04 on Friday. The business’s fifty day simple moving average is $44.78 and its 200-day simple moving average is $43.81. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 31.97 and a beta of 1.24. Brookfield Infrastructure Co. has a 12-month low of $37.54 and a 12-month high of $50.15.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be given a $0.3825 dividend. This represents a $1.53 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Tuesday, May 30th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.38. Brookfield Infrastructure’s dividend payout ratio is presently 106.25%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price objective on shares of Brookfield Infrastructure from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, April 13th.

Brookfield Infrastructure Profile

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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.