Cwm LLC Raises Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Cwm LLC raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 55.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,192 shares of the company’s stock after acquiring an additional 1,133 shares during the quarter. Cwm LLC’s holdings in Brookfield Infrastructure were worth $113,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BIPC. Allworth Financial LP lifted its stake in Brookfield Infrastructure by 169.8% in the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock worth $25,000 after acquiring an additional 445 shares during the last quarter. Signaturefd LLC raised its holdings in Brookfield Infrastructure by 178.0% during the fourth quarter. Signaturefd LLC now owns 3,019 shares of the company’s stock worth $106,000 after purchasing an additional 1,933 shares in the last quarter. NBC Securities Inc. acquired a new stake in Brookfield Infrastructure during the third quarter worth approximately $121,000. Whittier Trust Co. raised its holdings in Brookfield Infrastructure by 1,028.5% during the third quarter. Whittier Trust Co. now owns 3,916 shares of the company’s stock worth $138,000 after purchasing an additional 3,569 shares in the last quarter. Finally, Pacifica Partners Inc. raised its holdings in Brookfield Infrastructure by 7.5% during the fourth quarter. Pacifica Partners Inc. now owns 4,968 shares of the company’s stock worth $175,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 1.3 %

BIPC stock opened at $33.80 on Tuesday. Brookfield Infrastructure Co. has a twelve month low of $25.48 and a twelve month high of $48.23. The company’s 50 day moving average is $33.02 and its two-hundred day moving average is $33.29. The stock has a market cap of $4.46 billion, a P/E ratio of 23.47 and a beta of 1.42.

Brookfield Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a yield of 4.79%. Brookfield Infrastructure’s payout ratio is currently 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.