First PREMIER Bank Buys New Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

First PREMIER Bank bought a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 841 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in Brookfield Infrastructure by 217.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after purchasing an additional 758 shares during the period. Townsquare Capital LLC raised its stake in Brookfield Infrastructure by 20.4% during the 4th quarter. Townsquare Capital LLC now owns 11,053 shares of the company’s stock valued at $442,000 after purchasing an additional 1,870 shares during the period. Rockefeller Capital Management L.P. raised its stake in Brookfield Infrastructure by 5.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company’s stock valued at $1,531,000 after purchasing an additional 1,906 shares during the period. Vanguard Group Inc. raised its stake in Brookfield Infrastructure by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock valued at $228,128,000 after purchasing an additional 187,719 shares during the period. Finally, GAMMA Investing LLC bought a new stake in Brookfield Infrastructure during the 1st quarter valued at approximately $660,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 0.6%

Shares of BIPC opened at $40.74 on Friday. The company has a market capitalization of $4.85 billion, a PE ratio of 28.29 and a beta of 1.38. The business’s 50 day moving average is $38.74 and its 200 day moving average is $38.90. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $45.29.

Brookfield Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure’s dividend payout ratio is presently 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.