Cibc World Market Inc. Boosts Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Cibc World Market Inc. increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 933,865 shares of the company's stock after purchasing an additional 144,188 shares during the quarter. Cibc World Market Inc. owned approximately 0.78% of Brookfield Infrastructure worth $37,364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BIPC. Janney Montgomery Scott LLC grew its position in shares of Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock valued at $202,000 after purchasing an additional 312 shares in the last quarter. Signaturefd LLC boosted its stake in Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company's stock valued at $177,000 after buying an additional 363 shares during the period. Rockefeller Capital Management L.P. grew its position in Brookfield Infrastructure by 1.0% during the third quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company's stock worth $1,579,000 after buying an additional 364 shares in the last quarter. Hedeker Wealth LLC increased its stake in Brookfield Infrastructure by 4.6% in the 3rd quarter. Hedeker Wealth LLC now owns 9,533 shares of the company's stock worth $414,000 after acquiring an additional 423 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Brookfield Infrastructure by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,924 shares of the company's stock valued at $648,000 after acquiring an additional 493 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded up $0.73 during mid-day trading on Tuesday, hitting $41.85. 234,020 shares of the company traded hands, compared to its average volume of 494,252. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 29.07 and a beta of 1.47. The stock has a fifty day moving average price of $40.80 and a 200-day moving average price of $40.95.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.11%. Brookfield Infrastructure's dividend payout ratio (DPR) is 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.