Avalon Trust Co Has $5.86 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Avalon Trust Co lifted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,067 shares of the company’s stock after acquiring an additional 10,041 shares during the period. Avalon Trust Co owned approximately 0.13% of Brookfield Infrastructure worth $5,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BIPC. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Brookfield Infrastructure by 2.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 30,029 shares of the company’s stock valued at $1,061,000 after purchasing an additional 662 shares in the last quarter. Xponance Inc. grew its position in Brookfield Infrastructure by 6.7% in the third quarter. Xponance Inc. now owns 8,233 shares of the company’s stock valued at $291,000 after acquiring an additional 515 shares during the last quarter. Raymond James & Associates grew its position in Brookfield Infrastructure by 18.3% in the third quarter. Raymond James & Associates now owns 162,986 shares of the company’s stock valued at $5,760,000 after acquiring an additional 25,244 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Brookfield Infrastructure by 7.1% during the third quarter. Bank of New York Mellon Corp now owns 348,612 shares of the company’s stock worth $12,320,000 after acquiring an additional 23,234 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Brookfield Infrastructure by 22.7% in the third quarter. Brown Advisory Inc. now owns 2,126,621 shares of the company’s stock worth $75,155,000 after acquiring an additional 393,127 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock traded up $0.82 during midday trading on Friday, hitting $33.36. 618,408 shares of the company traded hands, compared to its average volume of 575,858. The firm’s fifty day moving average price is $33.03 and its 200-day moving average price is $33.22. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 23.18 and a beta of 1.38. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $48.23.

Brookfield Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.86%. Brookfield Infrastructure’s payout ratio is presently 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.