Citigroup Inc. Grows Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Citigroup Inc. raised its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 221.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,851 shares of the company’s stock after acquiring an additional 60,538 shares during the quarter. Citigroup Inc.’s holdings in Brookfield Infrastructure were worth $3,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIPC. Nisa Investment Advisors LLC lifted its stake 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 buying an additional 288 shares in the last quarter. CWM LLC increased its holdings in shares of Brookfield Infrastructure by 10.7% in the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after buying an additional 305 shares during the last quarter. Xponance Inc. grew its holdings in shares of Brookfield Infrastructure by 4.4% during the 2nd quarter. Xponance Inc. now owns 7,614 shares of the company’s stock valued at $256,000 after purchasing an additional 322 shares during the last quarter. Signaturefd LLC boosted its position in Brookfield Infrastructure by 9.8% during 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 period. Finally, Hedeker Wealth LLC lifted its position in shares of Brookfield Infrastructure by 4.6% in the 3rd quarter. Hedeker Wealth LLC now owns 9,533 shares of the company’s stock worth $414,000 after purchasing an additional 423 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Down 1.1 %

NASDAQ:BIPC opened at $44.07 on Wednesday. The company has a 50-day moving average price of $42.96 and a 200-day moving average price of $39.19. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 30.60 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 3.68%. Brookfield Infrastructure’s dividend payout ratio (DPR) 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.