Marks Group Wealth Management Inc grew its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) by 26.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,487 shares of the company’s stock after purchasing an additional 1,994 shares during the period. Marks Group Wealth Management Inc’s holdings in Brookfield Infrastructure were worth $335,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of BIPC. International Assets Investment Management LLC boosted its holdings in shares of Brookfield Infrastructure by 3,874.5% in the 4th quarter. International Assets Investment Management LLC now owns 973,128 shares of the company’s stock valued at $343,320,000 after buying an additional 948,644 shares in the last quarter. Vanguard Group Inc. boosted its stake in Brookfield Infrastructure by 22.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock worth $172,754,000 after purchasing an additional 911,454 shares during the period. Alpine Associates Management Inc. acquired a new stake in Brookfield Infrastructure during the 3rd quarter worth $26,840,000. Brown Advisory Inc. boosted its stake in Brookfield Infrastructure by 22.7% during the 3rd quarter. Brown Advisory Inc. now owns 2,126,621 shares of the company’s stock worth $75,155,000 after purchasing an additional 393,127 shares during the period. Finally, Pentwater Capital Management LP acquired a new stake in Brookfield Infrastructure during the 3rd quarter worth $12,842,000. Institutional investors and hedge funds own 70.38% of the company’s stock.
Brookfield Infrastructure Price Performance
Shares of NASDAQ:BIPC opened at $31.68 on Wednesday. The stock has a market cap of $4.18 billion, a P/E ratio of 22.00 and a beta of 1.38. The firm has a fifty day moving average price of $33.75 and a 200 day moving average price of $33.29. Brookfield Infrastructure Co. has a 1-year low of $25.48 and a 1-year high of $48.23.
Brookfield Infrastructure Increases Dividend
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.
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