Harbor Capital Advisors Inc. Boosts Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Harbor Capital Advisors Inc. grew its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 292.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,647 shares of the company’s stock after buying an additional 16,132 shares during the period. Harbor Capital Advisors Inc.’s holdings in Brookfield Infrastructure were worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Heritage Wealth Advisors boosted its holdings in Brookfield Infrastructure by 43.0% in the first quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Brookfield Infrastructure by 169.8% in the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after buying an additional 445 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Brookfield Infrastructure by 1.5% in the 1st quarter. ProShare Advisors LLC now owns 36,266 shares of the company’s stock valued at $1,307,000 after buying an additional 530 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Brookfield Infrastructure by 6.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 9,556 shares of the company’s stock valued at $344,000 after acquiring an additional 544 shares during the last quarter. Finally, Karpas Strategies LLC boosted its stake in Brookfield Infrastructure by 0.8% in the first quarter. Karpas Strategies LLC now owns 75,972 shares of the company’s stock valued at $2,738,000 after acquiring an additional 598 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of BIPC traded down $0.69 during midday trading on Wednesday, reaching $36.28. 254,104 shares of the stock were exchanged, compared to its average volume of 553,162. Brookfield Infrastructure Co. has a twelve month low of $25.48 and a twelve month high of $42.69. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 25.67 and a beta of 1.44. The business’s 50-day moving average price is $35.41 and its 200 day moving average price is $34.59.

Brookfield Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.47%. The ex-dividend date is Friday, August 30th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 112.50%.

Brookfield Infrastructure 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.