Lebenthal Global Advisors LLC Acquires Shares of 7,863 Brookfield Infrastructure Co. (NASDAQ:BIPC)

Lebenthal Global Advisors LLC bought a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) during the fourth quarter, Holdings Channel.com reports. The firm bought 7,863 shares of the company’s stock, valued at approximately $315,000.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. grew its stake in Brookfield Infrastructure by 221.6% in the third quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock worth $3,819,000 after purchasing an additional 60,538 shares during the period. JPMorgan Chase & Co. grew its position in shares of Brookfield Infrastructure by 47.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock worth $15,787,000 after buying an additional 116,256 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Brookfield Infrastructure in the 3rd quarter worth about $262,000. HighTower Advisors LLC lifted its position in Brookfield Infrastructure by 240.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock valued at $1,807,000 after acquiring an additional 29,363 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Brookfield Infrastructure during the third quarter worth about $668,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ BIPC opened at $40.92 on Wednesday. The company has a 50 day simple moving average of $41.07 and a two-hundred day simple moving average of $40.83. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 28.42 and a beta of 1.47.

Brookfield Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

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.