Baskin Financial Services Inc. Has $1.45 Million Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Baskin Financial Services Inc. decreased its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,119 shares of the company's stock after selling 9,143 shares during the quarter. Baskin Financial Services Inc.'s holdings in Brookfield Infrastructure were worth $1,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company's stock worth $540,840,000 after buying an additional 673,427 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Brookfield Infrastructure by 1.2% during the third quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company's stock worth $90,416,000 after purchasing an additional 23,882 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Brookfield Infrastructure by 18.3% during the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company's stock worth $37,364,000 after purchasing an additional 144,188 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Brookfield Infrastructure by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company's stock valued at $27,314,000 after purchasing an additional 8,891 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Brookfield Infrastructure by 47.0% in the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock valued at $15,787,000 after purchasing an additional 116,256 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Stock Down 1.0 %

NASDAQ:BIPC traded down $0.42 during trading hours on Thursday, hitting $41.52. 455,328 shares of the stock were exchanged, compared to its average volume of 494,455. The company's 50 day moving average is $40.69 and its two-hundred day moving average is $40.98. The company has a market capitalization of $4.94 billion, a P/E ratio of 28.83 and a beta of 1.47. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.14%. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 119.44%.

Brookfield Infrastructure 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.