Van ECK Associates Corp Boosts Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Van ECK Associates Corp lifted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 315.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,903 shares of the company's stock after acquiring an additional 103,920 shares during the period. Van ECK Associates Corp owned approximately 0.12% of Brookfield Infrastructure worth $5,490,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BIPC. Creative Planning grew its position in Brookfield Infrastructure by 8.3% in the 3rd quarter. Creative Planning now owns 28,886 shares of the company's stock worth $1,255,000 after purchasing an additional 2,226 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Brookfield Infrastructure by 111.6% in the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company's stock valued at $156,000 after acquiring an additional 1,900 shares during the last quarter. Copeland Capital Management LLC boosted its stake in Brookfield Infrastructure by 1.2% in the third quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company's stock valued at $90,416,000 after acquiring an additional 23,882 shares during the last quarter. Harbor Advisory Corp MA boosted its stake in Brookfield Infrastructure by 12.9% in the third quarter. Harbor Advisory Corp MA now owns 29,931 shares of the company's stock valued at $1,300,000 after acquiring an additional 3,413 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in Brookfield Infrastructure in the third quarter valued at about $4,194,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Performance

BIPC traded down $0.31 during midday trading on Friday, reaching $42.34. The company had a trading volume of 515,887 shares, compared to its average volume of 511,023. The stock has a market cap of $5.04 billion, a PE ratio of 29.40 and a beta of 1.48. Brookfield Infrastructure Co. has a 12-month low of $28.47 and a 12-month high of $45.29. The business has a 50-day moving average price of $40.34 and a two-hundred day moving average price of $41.25.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.06%. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure's payout ratio is presently 119.44%.

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.