Stifel Financial Corp Boosts Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Stifel Financial Corp raised its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.4% during the third quarter, HoldingsChannel reports. The firm owned 151,703 shares of the company’s stock after purchasing an additional 6,417 shares during the period. Stifel Financial Corp’s holdings in Brookfield Infrastructure were worth $6,589,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. CWM LLC grew its position in shares of Brookfield Infrastructure by 10.7% in the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after buying an additional 305 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Brookfield Infrastructure by 39.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,203 shares of the company’s stock worth $579,000 after buying an additional 4,910 shares during the last quarter. Baker Tilly Wealth Management LLC purchased a new position in shares of Brookfield Infrastructure in the 2nd quarter worth approximately $201,000. Hedeker Wealth LLC purchased a new position in shares of Brookfield Infrastructure in the 2nd quarter worth approximately $307,000. Finally, Raymond James & Associates grew its position in shares of Brookfield Infrastructure by 13.0% in the 2nd quarter. Raymond James & Associates now owns 241,697 shares of the company’s stock worth $8,136,000 after buying an additional 27,737 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 2.0 %

Shares of Brookfield Infrastructure stock opened at $40.63 on Friday. The firm’s 50 day moving average price is $42.94 and its 200-day moving average price is $39.53. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The company has a market cap of $5.36 billion, a P/E ratio of 28.22 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 3.99%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure’s 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.