Summit Trail Advisors LLC Acquires 1,546 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Summit Trail Advisors LLC grew its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 19.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,432 shares of the company’s stock after purchasing an additional 1,546 shares during the period. Summit Trail Advisors LLC’s holdings in Brookfield Infrastructure were worth $377,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Covestor Ltd boosted its holdings in Brookfield Infrastructure by 64.0% during the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after acquiring an additional 1,329 shares during the last quarter. Toth Financial Advisory Corp grew its position in Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after purchasing an additional 1,900 shares in the last quarter. Signaturefd LLC increased its stake in Brookfield Infrastructure by 9.8% in the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after buying an additional 363 shares during the last quarter. M&T Bank Corp bought a new position in shares of Brookfield Infrastructure during the 3rd quarter worth approximately $204,000. Finally, MML Investors Services LLC purchased a new position in shares of Brookfield Infrastructure in the 3rd quarter worth approximately $211,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 0.6 %

Shares of BIPC opened at $40.95 on Thursday. The stock has a 50 day moving average of $40.41 and a 200 day moving average of $41.08. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 28.44 and a beta of 1.48. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.20%. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%.

About Brookfield Infrastructure

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.