Bessemer Group Inc. Buys 3,701 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Bessemer Group Inc. lifted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 31.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,333 shares of the company’s stock after acquiring an additional 3,701 shares during the quarter. Bessemer Group Inc.’s holdings in Brookfield Infrastructure were worth $614,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP acquired a new stake in shares of Brookfield Infrastructure in the third quarter worth $229,000. MML Investors Services LLC bought a new position in Brookfield Infrastructure in the 3rd quarter worth $211,000. Public Employees Retirement System of Ohio acquired a new position in Brookfield Infrastructure during the 3rd quarter worth $1,606,000. Barclays PLC boosted its holdings in Brookfield Infrastructure by 234.0% during the third quarter. Barclays PLC now owns 198,571 shares of the company’s stock valued at $8,622,000 after acquiring an additional 139,112 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Brookfield Infrastructure in the third quarter valued at about $204,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

NASDAQ BIPC opened at $35.51 on Wednesday. The stock has a 50-day simple moving average of $37.65 and a 200 day simple moving average of $40.27. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The stock has a market capitalization of $4.23 billion, a PE ratio of 24.66 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.84%. 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 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.