Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,938 shares of the company’s stock after buying an additional 3,254 shares during the period. Truvestments Capital LLC owned 0.05% of Brookfield Infrastructure worth $3,124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BIPC. Nisa Investment Advisors LLC boosted its holdings in Brookfield Infrastructure by 11.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after acquiring an additional 288 shares during the period. CWM LLC lifted its holdings in Brookfield Infrastructure by 10.7% during the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after buying an additional 305 shares in the last quarter. Xponance Inc. boosted its holdings in Brookfield Infrastructure by 4.4% in the second quarter. Xponance Inc. now owns 7,614 shares of the company’s stock valued at $256,000 after purchasing an additional 322 shares during the period. Signaturefd LLC grew its stake in Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after purchasing an additional 363 shares in the last quarter. Finally, Hedeker Wealth LLC increased its holdings in Brookfield Infrastructure by 4.6% during the 3rd quarter. Hedeker Wealth LLC now owns 9,533 shares of the company’s stock worth $414,000 after purchasing an additional 423 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 0.1 %

Shares of BIPC opened at $44.20 on Monday. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 30.65 and a beta of 1.45. The firm’s fifty day simple moving average is $42.61 and its 200-day simple moving average is $38.70. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $44.54.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.67%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

About Brookfield Infrastructure

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.