Tranquility Partners LLC Acquires Shares of 17,934 Brookfield Infrastructure Co. (NASDAQ:BIPC)

Tranquility Partners LLC acquired a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,934 shares of the company’s stock, valued at approximately $633,000.

Several other hedge funds also recently added to or reduced their stakes in BIPC. Allworth Financial LP increased its position in shares of Brookfield Infrastructure by 169.8% during the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock worth $25,000 after acquiring an additional 445 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Brookfield Infrastructure during the third quarter worth about $27,000. Washington Trust Advisors Inc. increased its position in shares of Brookfield Infrastructure by 125.1% during the third quarter. Washington Trust Advisors Inc. now owns 934 shares of the company’s stock worth $33,000 after acquiring an additional 519 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Brookfield Infrastructure during the fourth quarter worth about $34,000. Finally, First Horizon Advisors Inc. increased its position in shares of Brookfield Infrastructure by 92.5% during the first quarter. First Horizon Advisors Inc. now owns 978 shares of the company’s stock worth $45,000 after acquiring an additional 470 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ BIPC traded up $0.76 during midday trading on Wednesday, reaching $29.66. 1,135,142 shares of the company’s stock were exchanged, compared to its average volume of 563,237. Brookfield Infrastructure Co. has a 52-week low of $25.48 and a 52-week high of $48.23. The stock has a market capitalization of $3.91 billion, a PE ratio of 20.60 and a beta of 1.38. The business’s fifty day moving average price is $34.15 and its two-hundred day moving average price is $33.35.

Brookfield Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.405 dividend. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a yield of 5.46%. The ex-dividend date was Wednesday, February 28th. Brookfield Infrastructure’s payout ratio is currently 112.50%.

Brookfield Infrastructure Profile

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.