BankPlus Wealth Management LLC Acquires Stake in Brookfield Infrastructure Co.

BankPlus Wealth Management LLC has recently made headlines by buying a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC). This acquisition occurred during the fourth quarter, as revealed in the firm’s latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm has acquired 9,941 shares of Brookfield Infrastructure’s stock, which is valued at approximately $398,000.

In addition to BankPlus, several other institutional investors and hedge funds have made adjustments to their holdings in Brookfield Infrastructure. For instance, Sei Investments Co. raised its position in the company by 9.9% during the second quarter, amassing a total of 54,331 shares worth about $1,829,000 after buying an extra 4,907 shares. Similarly, Xponance Inc. increased its stake by 4.4%, bringing its total to 7,614 shares, valued at $256,000 post an acquisition of 322 additional shares last quarter.

Another significant player, Cubist Systematic Strategies LLC, made a substantial increase of 424.1% in its holdings of Brookfield Infrastructure shares during the same period, ending up with 21,069 shares worth $709,000 after acquiring a further 27,569 shares. Furthermore, Mackenzie Financial Corp also boosted its position by 42.3%, now owning 85,786 shares valued at $2,888,000 following an additional purchase of 25,515 shares.

Clearbridge Investments LLC also entered the space by acquiring a new position in Brookfield Infrastructure, which is valued at approximately $12,632,000 during the second quarter. As it stands, institutional investors collectively account for 70.38% of the company’s shares.

Current Trading Status of Brookfield Infrastructure

As of Tuesday, Brookfield Infrastructure stock opened at $41.68. The company features a fifty-day moving average price of $41.10 and a two-hundred day moving average price of $40.79. In the past year, Brookfield Infrastructure has seen a low of $28.47 and a high of $45.29. With a market capitalization of $4.96 billion and a P/E ratio of 28.94, the company's beta stands at 1.47, indicating a level of volatility in comparison to the overall market.

Dividend Information

Moreover, Brookfield Infrastructure recently announced a quarterly dividend, which was distributed to shareholders on Tuesday, December 31st. Shareholders on record as of Friday, November 29th received a dividend of $0.405 per share. This equates to an annualized dividend of $1.62, resulting in a yield of 3.89%. The ex-dividend date was also set for November 29th. Currently, the company’s dividend payout ratio (DPR) is at 112.50%, reflecting the portion of earnings paid out as dividends to shareholders.

About Brookfield Infrastructure

Brookfield Infrastructure Corporation, along with its subsidiaries, holds ownership and operates regulated natural gas transmission systems in Brazil and participates in regulated gas and electricity distribution in the United Kingdom, in addition to electricity transmission and distribution and gas distribution in Australia.

BankPlus, Investment, Brookfield