Fmr LLC Increases Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

FMR LLC boosted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,453,146 shares of the company's stock after acquiring an additional 673,427 shares during the quarter. FMR LLC owned 9.43% of Brookfield Infrastructure worth $540,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Brookfield Infrastructure by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company's stock valued at $189,844,000 after purchasing an additional 279,676 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Brookfield Infrastructure by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company's stock valued at $153,880,000 after acquiring an additional 169,892 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Brookfield Infrastructure by 9.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company's stock valued at $96,704,000 after acquiring an additional 236,355 shares during the period. Copeland Capital Management LLC grew its position in Brookfield Infrastructure by 1.2% during the 3rd quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company's stock worth $90,416,000 after acquiring an additional 23,882 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Brookfield Infrastructure by 2.7% in the 2nd quarter. National Bank of Canada FI now owns 1,272,758 shares of the company's stock worth $41,935,000 after purchasing an additional 33,541 shares during the period. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Trading Down 0.1 %

Shares of NASDAQ:BIPC traded down $0.03 during trading on Friday, reaching $44.89. 270,996 shares of the company traded hands, compared to its average volume of 503,847. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 31.17 and a beta of 1.45. The business's fifty day moving average is $42.89 and its 200-day moving average is $39.03.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.405 per share. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 3.61%. Brookfield Infrastructure's payout ratio is currently 112.50%.

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.