Cibc World Markets Corp bought a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,231 shares of the company's stock, valued at approximately $449,000.
Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in Brookfield Infrastructure by 2.7% in the 3rd quarter. Natixis Advisors LLC now owns 77,907 shares of the company's stock valued at $3,384,000 after purchasing an additional 2,027 shares during the period. Intech Investment Management LLC bought a new stake in shares of Brookfield Infrastructure during the 3rd quarter worth approximately $668,000. Charles Schwab Investment Management Inc. boosted its stake in Brookfield Infrastructure by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company's stock valued at $27,314,000 after buying an additional 8,891 shares in the last quarter. Citigroup Inc. grew its stake in shares of Brookfield Infrastructure by 221.6% during the third quarter. Citigroup Inc. now owns 87,851 shares of the company's stock worth $3,819,000 after buying an additional 60,538 shares during the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Brookfield Infrastructure during the third quarter valued at about $224,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Infrastructure Trading Up 1.6 %
BIPC stock traded up $0.59 during trading on Thursday, hitting $36.78. The company had a trading volume of 657,323 shares, compared to its average volume of 525,550. The stock has a market cap of $4.38 billion, a PE ratio of 25.54 and a beta of 1.48. The business has a 50-day moving average of $39.55 and a 200-day moving average of $40.99. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29.
Brookfield Infrastructure Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.
About Brookfield Infrastructure
(
Free Report)
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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