1 week Ago By Defense World Staff
JPMorgan Chase & Co. grew its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) by 61.
9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 588,649 shares of the company’s stock after purchasing an additional 225,143 shares during the quarter. JPMorgan Chase & Co.
owned about 0.49% of Brookfield Infrastructure worth $23,552,000 as of its most recent filing with the SEC. Several other large investors also recently made changes to their positions in BIPC.
Vanguard Group Inc. lifted its position in Brookfield Infrastructure by 3.4% during the 4th quarter.
Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock worth $228,128,000 after buying an additional 187,719 shares in the last quarter. LPL Financial LLC grew its stake in shares of Brookfield Infrastructure by 9.
8% during the fourth quarter. LPL Financial LLC now owns 40,577 shares of the company’s stock valued at $1,623,000 after purchasing an additional 3,623 shares during the last quarter. Guardian Partners Inc.
bought a new stake in shares of Brookfield Infrastructure during the fourth quarter worth $247,000. Sei Investments Co. boosted its holdings in Brookfield Infrastructure by 8.
1% in the fourth quarter. Sei Investments Co. now owns 70,199 shares of the company’s stock valued at $2,808,000 after acquiring an additional 5,278 shares during the last quarter.
Finally, American Century Companies Inc. increased its position in Brookfield Infrastructure by 24.5% in the fourth quarter.
American Century Companies Inc. now owns 726,617 shares of the company’s stock worth $29,074,000 after purchasing an additional 142,839 shares during the period. Institutional investors own 70.
38% of the company’s stock. Brookfield Infrastructure Trading Up 8.3 %Brookfield Infrastructure stock opened at $35.
46 on Thursday. Brookfield Infrastructure Co. has a 1 year low of $28.
47 and a 1 year high of $45.29. The company’s 50-day moving average is $38.
19 and its two-hundred day moving average is $40.50. The company has a market cap of $4.
22 billion, a PE ratio of 24.62 and a beta of 1.48.
Brookfield Infrastructure Increases DividendThe company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.43 per share.
This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.85%.
This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th.
Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%. Brookfield Infrastructure Profile (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.Recommended StoriesFive stocks we like better than Brookfield InfrastructureWhat Investors Need to Know About Upcoming IPOsQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreBiggest Stock Losers – Today’s Biggest Percentage DeclinersAre Tariffs Threatening Disney’s Comeback Story?3 Warren Buffett Stocks to Buy NowIs Alphabet a Generational Buying Opportunity at These Levels?.
