Vanguard Capital Wealth Advisors Takes $206,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Vanguard Capital Wealth Advisors bought a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,826 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BIPC. Allworth Financial LP raised its position in shares of Brookfield Infrastructure by 169.8% during the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after buying an additional 445 shares in the last quarter. CWM LLC increased its stake in shares of Brookfield Infrastructure by 81.6% in the third quarter. CWM LLC now owns 2,059 shares of the company’s stock worth $73,000 after acquiring an additional 925 shares during the period. Signaturefd LLC grew its position in Brookfield Infrastructure by 178.0% during the fourth quarter. Signaturefd LLC now owns 3,019 shares of the company’s stock valued at $106,000 after buying an additional 1,933 shares during the period. NBC Securities Inc. acquired a new stake in shares of Brookfield Infrastructure in the third quarter valued at about $121,000. Finally, Whittier Trust Co. raised its stake in Brookfield Infrastructure by 1,028.5% during the third quarter. Whittier Trust Co. now owns 3,916 shares of the company’s stock worth $138,000 after purchasing an additional 3,569 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of BIPC stock traded down $0.69 during trading on Tuesday, reaching $30.47. The company’s stock had a trading volume of 767,264 shares, compared to its average volume of 564,688. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 21.64 and a beta of 1.38. The stock’s 50-day moving average price is $33.38 and its 200 day moving average price is $33.23. Brookfield Infrastructure Co. has a 1-year low of $25.48 and a 1-year high of $48.23.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.38. Brookfield Infrastructure’s payout ratio is currently 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.