Brookfield Infrastructure (NASDAQ:BIPC) Reaches New 52-Week High – What’s Next?

Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) reached a new 52-week high during trading on Monday . The company traded as high as $44.76 and last traded at $44.63, with a volume of 19802 shares. The stock had previously closed at $44.14.

Brookfield Infrastructure Trading Down 1.1 %

The firm has a market capitalization of $5.86 billion, a PE ratio of 30.80 and a beta of 1.45. The firm has a 50-day moving average of $42.72 and a two-hundred day moving average of $38.84.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new position in shares of Brookfield Infrastructure during the 1st quarter valued at $68,000. Lazard Asset Management LLC acquired a new position in shares of Brookfield Infrastructure during the first quarter worth $73,000. Nisa Investment Advisors LLC boosted its stake in shares of Brookfield Infrastructure by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after purchasing an additional 288 shares during the period. CWM LLC grew its holdings in Brookfield Infrastructure by 10.7% during the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after purchasing an additional 305 shares in the last quarter. Finally, Gryphon Financial Partners LLC purchased a new stake in Brookfield Infrastructure during the 2nd quarter worth $136,000. 70.38% of the stock is owned by institutional investors and hedge funds.

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.