Fidelis Capital Partners LLC Has $294,000 Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Fidelis Capital Partners LLC grew its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,156 shares of the company’s stock after acquiring an additional 367 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Brookfield Infrastructure were worth $294,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BIPC. Jones Financial Companies Lllp lifted its position in shares of Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock worth $44,000 after purchasing an additional 758 shares in the last quarter. Allworth Financial LP increased its stake in Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after buying an additional 396 shares during the last quarter. Morgan Dempsey Capital Management LLC lifted its position in Brookfield Infrastructure by 34.0% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock worth $73,000 after buying an additional 460 shares in the last quarter. Covestor Ltd boosted its stake in shares of Brookfield Infrastructure by 64.0% during the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after buying an additional 1,329 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Brookfield Infrastructure by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after acquiring an additional 312 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Performance

NASDAQ:BIPC opened at $38.64 on Wednesday. The stock’s 50-day simple moving average is $40.63 and its 200 day simple moving average is $41.45. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The company has a market cap of $4.60 billion, a P/E ratio of 26.83 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.45%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio is currently 119.44%.

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.