Leavell Investment Management Inc. Acquires 10,268 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Leavell Investment Management Inc. boosted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 106.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,902 shares of the company’s stock after acquiring an additional 10,268 shares during the quarter. Leavell Investment Management Inc.’s holdings in Brookfield Infrastructure were worth $796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Summit Trail Advisors LLC lifted its position in Brookfield Infrastructure by 19.6% in the 4th quarter. Summit Trail Advisors LLC now owns 9,432 shares of the company’s stock valued at $377,000 after acquiring an additional 1,546 shares in the last quarter. Empowered Funds LLC bought a new position in Brookfield Infrastructure in the 4th quarter valued at approximately $1,834,000. Hedeker Wealth LLC lifted its position in Brookfield Infrastructure by 148.6% in the 4th quarter. Hedeker Wealth LLC now owns 23,696 shares of the company’s stock valued at $948,000 after acquiring an additional 14,163 shares in the last quarter. Jennison Associates LLC bought a new position in Brookfield Infrastructure in the 4th quarter valued at approximately $847,000. Finally, Rice Partnership LLC lifted its position in Brookfield Infrastructure by 57.1% in the 4th quarter. Rice Partnership LLC now owns 120,612 shares of the company’s stock valued at $4,826,000 after acquiring an additional 43,847 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $42.03 on Friday. The business’s fifty day moving average price is $40.36 and its 200-day moving average price is $41.08. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 29.19 and a beta of 1.48. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.09%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio is presently 119.44%.

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.