Bank of Nova Scotia increased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 155.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,102 shares of the company's stock after buying an additional 95,585 shares during the period. Bank of Nova Scotia owned about 0.13% of Brookfield Infrastructure worth $6,303,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in BIPC. HighTower Advisors LLC raised its stake in Brookfield Infrastructure by 240.5% in 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. Quantinno Capital Management LP bought a new stake in shares of Brookfield Infrastructure in the third quarter worth about $229,000. Stifel Financial Corp boosted its holdings in Brookfield Infrastructure by 4.4% in the third quarter. Stifel Financial Corp now owns 151,703 shares of the company's stock valued at $6,589,000 after acquiring an additional 6,417 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of Brookfield Infrastructure in the 3rd quarter valued at approximately $211,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Brookfield Infrastructure during the third quarter valued at approximately $1,606,000. Institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Stock Up 0.1 %
BIPC traded up $0.02 during mid-day trading on Wednesday, reaching $35.58. 488,643 shares of the company traded hands, compared to its average volume of 532,867. The stock has a market capitalization of $4.23 billion, a P/E ratio of 24.71 and a beta of 1.48. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The company's fifty day moving average price is $37.65 and its 200-day moving average price is $40.27.
Brookfield Infrastructure Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.43 per share. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.
Brookfield Infrastructure Profile
(
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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