Ipswich Investment Management Co. Inc. Has $3.81 Million Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Ipswich Investment Management Co. Inc. increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,701 shares of the company’s stock after purchasing an additional 5,650 shares during the period. Ipswich Investment Management Co. Inc. owned 0.07% of Brookfield Infrastructure worth $3,809,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BIPC. Allspring Global Investments Holdings LLC raised its position in shares of Brookfield Infrastructure by 20.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the company’s stock valued at $242,000 after acquiring an additional 1,126 shares during the last quarter. SG Americas Securities LLC lifted its stake in Brookfield Infrastructure by 27.9% in the first quarter. SG Americas Securities LLC now owns 15,716 shares of the company’s stock valued at $566,000 after buying an additional 3,431 shares during the period. Swiss National Bank boosted its holdings in Brookfield Infrastructure by 0.6% during the first quarter. Swiss National Bank now owns 236,477 shares of the company’s stock worth $8,517,000 after buying an additional 1,400 shares during the last quarter. Sei Investments Co. boosted its holdings in Brookfield Infrastructure by 22.1% during the first quarter. Sei Investments Co. now owns 49,424 shares of the company’s stock worth $1,781,000 after buying an additional 8,937 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Brookfield Infrastructure in the 1st quarter valued at about $996,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $43.15 on Friday. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 29.97 and a beta of 1.45. The company’s 50 day simple moving average is $42.32 and its 200 day simple moving average is $38.24. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $44.26.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed 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. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

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.