Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,008 shares of the company’s stock after acquiring an additional 7,720 shares during the period. Lake Street Advisors Group LLC owned approximately 0.24% of Brookfield Infrastructure worth $13,898,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in shares of Brookfield Infrastructure by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after purchasing an additional 16,132 shares during the period. Toronto Dominion Bank increased its stake in shares of Brookfield Infrastructure by 32.0% in the second quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock worth $5,023,000 after buying an additional 36,183 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Brookfield Infrastructure in the first quarter worth $996,000. Vanguard Group Inc. increased its stake in shares of Brookfield Infrastructure by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock worth $175,974,000 after buying an additional 99,582 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Brookfield Infrastructure by 3.9% in the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after buying an additional 169,892 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of NASDAQ:BIPC traded down $0.02 during midday trading on Friday, reaching $43.55. The company had a trading volume of 29,161 shares, compared to its average volume of 509,954. Brookfield Infrastructure Co. has a one year low of $25.48 and a one year high of $44.03. The stock’s fifty day moving average price is $41.49 and its 200-day moving average price is $36.96. The stock has a market capitalization of $5.75 billion, a P/E ratio of 30.26 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 annualized dividend and a yield of 3.72%. Brookfield Infrastructure’s payout ratio is 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.