Carmel Capital Partners LLC Has $1.32 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Carmel Capital Partners LLC lifted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,007 shares of the company’s stock after buying an additional 1,641 shares during the quarter. Carmel Capital Partners LLC’s holdings in Brookfield Infrastructure were worth $1,321,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. lifted its stake in shares of Brookfield Infrastructure by 221.6% during the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock worth $3,819,000 after buying an additional 60,538 shares during the last quarter. JPMorgan Chase & Co. increased its position in Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock worth $15,787,000 after acquiring an additional 116,256 shares during the period. Sanctuary Advisors LLC bought a new position in Brookfield Infrastructure during the third quarter worth about $262,000. HighTower Advisors LLC increased its position in Brookfield Infrastructure by 240.5% during the third quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock worth $1,807,000 after acquiring an additional 29,363 shares during the period. Finally, Intech Investment Management LLC bought a new position in Brookfield Infrastructure during the third quarter worth about $668,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

NASDAQ:BIPC opened at $39.22 on Thursday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 27.24 and a beta of 1.48. The firm’s 50-day simple moving average is $40.64 and its 200 day simple moving average is $41.43.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.39%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%.

Brookfield Infrastructure Company 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.