22,876 Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC) Bought by Gabelli Funds LLC

Gabelli Funds LLC acquired a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 22,876 shares of the company’s stock, valued at approximately $807,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Brookfield Infrastructure by 169.8% in the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after acquiring an additional 445 shares in the last quarter. Heritage Wealth Advisors acquired a new position in shares of Brookfield Infrastructure in the fourth quarter valued at about $33,000. SRS Capital Advisors Inc. grew its stake in shares of Brookfield Infrastructure by 413.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,021 shares of the company’s stock valued at $36,000 after acquiring an additional 822 shares in the last quarter. Signaturefd LLC grew its stake in shares of Brookfield Infrastructure by 178.0% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the company’s stock valued at $106,000 after acquiring an additional 1,933 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. CWM LLC now owns 3,192 shares of the company’s stock valued at $113,000 after acquiring an additional 1,133 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Down 0.9 %

Shares of Brookfield Infrastructure stock opened at $33.13 on Tuesday. The firm’s 50-day moving average price is $33.20 and its two-hundred day moving average price is $34.16. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $48.08. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 23.01 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.405 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.89%. Brookfield Infrastructure’s payout ratio is currently 112.50%.

About Brookfield Infrastructure

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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