Carmel Capital Partners LLC Acquires 1,641 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Carmel Capital Partners LLC boosted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,007 shares of the company’s stock after purchasing an additional 1,641 shares during the period. Carmel Capital Partners LLC’s holdings in Brookfield Infrastructure were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Atria Investments Inc grew its position in Brookfield Infrastructure by 32.8% in the fourth quarter. Atria Investments Inc now owns 21,038 shares of the company’s stock valued at $842,000 after purchasing an additional 5,200 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock valued at $31,000 after acquiring an additional 274 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Brookfield Infrastructure by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company’s stock valued at $25,371,000 after acquiring an additional 4,689 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in Brookfield Infrastructure by 5.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company’s stock valued at $294,000 after acquiring an additional 367 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after acquiring an additional 758 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $39.22 on Thursday. The stock has a market cap of $4.67 billion, a P/E ratio of 27.24 and a beta of 1.48. The company has a fifty day moving average price of $40.64 and a two-hundred day moving average price of $41.43. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.39%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio (DPR) 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.