Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC boosted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 11,621.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,479 shares of the company’s stock after acquiring an additional 220,581 shares during the period. Pathway Financial Advisers LLC owned about 0.17% of Brookfield Infrastructure worth $9,662,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Brookfield Infrastructure by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock valued at $175,974,000 after buying an additional 99,582 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Brookfield Infrastructure by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,455 shares of the company’s stock worth $439,000 after purchasing an additional 1,169 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Brookfield Infrastructure by 20.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the company’s stock valued at $242,000 after purchasing an additional 1,126 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Brookfield Infrastructure by 1.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 48,260 shares of the company’s stock valued at $1,739,000 after purchasing an additional 736 shares during the last quarter. Finally, LDR Capital Management LLC boosted its position in shares of Brookfield Infrastructure by 73.4% in the 1st quarter. LDR Capital Management LLC now owns 67,004 shares of the company’s stock valued at $2,415,000 after purchasing an additional 28,364 shares during the period. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Down 0.8 %

BIPC traded down $0.34 during trading on Friday, hitting $43.23. 231,642 shares of the stock were exchanged, compared to its average volume of 510,958. Brookfield Infrastructure Co. has a 1-year low of $25.48 and a 1-year high of $44.03. The stock has a fifty day moving average price of $41.59 and a two-hundred day moving average price of $37.03. The firm has a market capitalization of $5.71 billion, a P/E ratio of 30.02 and a beta of 1.44.

Brookfield Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a $0.405 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.62 annualized dividend and a yield of 3.75%. Brookfield Infrastructure’s dividend payout ratio (DPR) is 112.50%.

Brookfield Infrastructure Company 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.