Toth Financial Advisory Corp Has $156,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Toth Financial Advisory Corp raised its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 111.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,602 shares of the company’s stock after buying an additional 1,900 shares during the quarter. Toth Financial Advisory Corp’s holdings in Brookfield Infrastructure were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Brookfield Infrastructure by 11.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after purchasing an additional 288 shares in the last quarter. CWM LLC raised its holdings in Brookfield Infrastructure by 10.7% during the second quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after buying an additional 305 shares in the last quarter. Xponance Inc. lifted its position in shares of Brookfield Infrastructure by 4.4% in the second quarter. Xponance Inc. now owns 7,614 shares of the company’s stock worth $256,000 after buying an additional 322 shares during the last quarter. Heritage Wealth Advisors boosted its stake in shares of Brookfield Infrastructure by 43.0% during the 1st quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock worth $48,000 after acquiring an additional 401 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Brookfield Infrastructure by 1.5% during the 1st quarter. ProShare Advisors LLC now owns 36,266 shares of the company’s stock valued at $1,307,000 after acquiring an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

BIPC opened at $43.27 on Tuesday. Brookfield Infrastructure Co. has a twelve month low of $25.48 and a twelve month high of $44.03. The business has a 50 day moving average price of $41.13 and a 200 day moving average price of $36.80. The firm has a market cap of $5.71 billion, a P/E ratio of 30.05 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

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.