Intech Investment Management LLC Makes New $668,000 Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Intech Investment Management LLC purchased a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 15,392 shares of the company’s stock, valued at approximately $668,000.

A number of other hedge funds also recently modified their holdings of the business. Clearbridge Investments LLC bought a new stake in Brookfield Infrastructure during the 2nd quarter worth approximately $12,632,000. Wulff Hansen & CO. raised its holdings in shares of Brookfield Infrastructure by 2,158.9% during the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock worth $10,357,000 after acquiring an additional 294,065 shares during the period. Principal Financial Group Inc. lifted its position in Brookfield Infrastructure by 9.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock valued at $96,704,000 after acquiring an additional 236,355 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in Brookfield Infrastructure by 11,621.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company’s stock worth $9,662,000 after purchasing an additional 220,581 shares during the period. Finally, Bank of Montreal Can increased its holdings in Brookfield Infrastructure by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after purchasing an additional 169,892 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock opened at $44.89 on Friday. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 31.17 and a beta of 1.45. The stock’s 50-day moving average is $42.89 and its 200-day moving average is $39.03. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure’s payout ratio is 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.