Morgan Dempsey Capital Management LLC Purchases 460 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Morgan Dempsey Capital Management LLC grew its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 34.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,814 shares of the company’s stock after buying an additional 460 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in Brookfield Infrastructure were worth $73,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in shares of Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after buying an additional 312 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Brookfield Infrastructure by 1.0% during the third quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock valued at $1,579,000 after buying an additional 364 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after purchasing an additional 396 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Brookfield Infrastructure by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,924 shares of the company’s stock worth $648,000 after purchasing an additional 493 shares during the period. Finally, Marks Group Wealth Management Inc boosted its holdings in shares of Brookfield Infrastructure by 11.4% during the fourth quarter. Marks Group Wealth Management Inc now owns 10,297 shares of the company’s stock worth $412,000 after purchasing an additional 1,054 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Down 0.4 %

Brookfield Infrastructure stock opened at $40.00 on Friday. The firm has a 50-day moving average of $40.61 and a 200-day moving average of $41.41. The firm has a market cap of $4.76 billion, a P/E ratio of 27.78 and a beta of 1.48. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio is currently 119.44%.

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.