CIBC Asset Management Inc Purchases 82,548 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

CIBC Asset Management Inc increased its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 398,141 shares of the company's stock after acquiring an additional 82,548 shares during the quarter. CIBC Asset Management Inc owned about 0.33% of Brookfield Infrastructure worth $16,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings 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 purchasing an additional 673,427 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Brookfield Infrastructure by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock valued at $124,423,000 after purchasing an additional 376,254 shares during the period. Copeland Capital Management LLC boosted its holdings in Brookfield Infrastructure by 1.2% in the 3rd quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company's stock valued at $90,416,000 after purchasing an additional 23,882 shares during the period. Cibc World Market Inc. increased its holdings in shares of Brookfield Infrastructure by 18.3% in 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Brookfield Infrastructure by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company's stock worth $27,314,000 after buying an additional 8,891 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded down $0.31 during midday trading on Friday, hitting $42.34. 515,887 shares of the company's stock were exchanged, compared to its average volume of 511,023. The company has a market cap of $5.04 billion, a P/E ratio of 29.40 and a beta of 1.48. The stock has a 50-day moving average price of $40.34 and a two-hundred day moving average price of $41.25. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.06%. 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.