Procyon Advisors LLC Raises Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Procyon Advisors LLC boosted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,178 shares of the company’s stock after acquiring an additional 3,228 shares during the quarter. Procyon Advisors LLC’s holdings in Brookfield Infrastructure were worth $1,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after purchasing an additional 673,427 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Brookfield Infrastructure during the second quarter valued at about $12,632,000. Pathway Financial Advisers LLC raised its stake in shares of Brookfield Infrastructure by 11,621.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company’s stock valued at $9,662,000 after acquiring an additional 220,581 shares during the period. Bank of Montreal Can lifted its holdings in shares of Brookfield Infrastructure by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after acquiring an additional 169,892 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Brookfield Infrastructure by 234.0% during the 3rd quarter. Barclays PLC now owns 198,571 shares of the company’s stock worth $8,622,000 after purchasing an additional 139,112 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $39.61 on Friday. The firm has a 50 day moving average price of $41.33 and a 200 day moving average price of $40.40. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The company has a market capitalization of $4.71 billion, a PE ratio of 27.50 and a beta of 1.47.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.09%. Brookfield Infrastructure’s dividend payout ratio is presently 112.50%.

Brookfield Infrastructure 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.