Clearbridge Investments LLC Makes New $12.63 Million Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Clearbridge Investments LLC bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 375,395 shares of the company’s stock, valued at approximately $12,632,000. Clearbridge Investments LLC owned about 0.28% of Brookfield Infrastructure as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BIPC. Nisa Investment Advisors LLC increased its position 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 worth $93,000 after purchasing an additional 288 shares during the last quarter. CWM LLC increased its position in shares of Brookfield Infrastructure by 10.7% during the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after purchasing an additional 305 shares during the last quarter. Xponance Inc. increased its position in shares of Brookfield Infrastructure by 4.4% during the 2nd quarter. Xponance Inc. now owns 7,614 shares of the company’s stock worth $256,000 after purchasing an additional 322 shares during the last quarter. Heritage Wealth Advisors increased its position 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 purchasing an additional 401 shares during the last quarter. Finally, ProShare Advisors LLC increased its position 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 worth $1,307,000 after purchasing an additional 530 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Up 1.2 %

Shares of NASDAQ:BIPC opened at $42.00 on Friday. The business has a 50-day moving average price of $40.09 and a 200 day moving average price of $36.18. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 29.17 and a beta of 1.44. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $43.90.

Brookfield Infrastructure Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure’s dividend payout ratio (DPR) 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.