Principal Financial Group Inc. Increases Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Principal Financial Group Inc. raised its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,109,808 shares of the company's stock after acquiring an additional 376,254 shares during the quarter. Principal Financial Group Inc. owned approximately 2.61% of Brookfield Infrastructure worth $124,423,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BIPC. Creative Planning boosted its position in Brookfield Infrastructure by 8.3% during the 3rd quarter. Creative Planning now owns 28,886 shares of the company's stock valued at $1,255,000 after acquiring an additional 2,226 shares in the last quarter. Toth Financial Advisory Corp boosted its position in Brookfield Infrastructure by 111.6% during the 3rd 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 in the last quarter. Copeland Capital Management LLC boosted 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 valued at $90,416,000 after acquiring an additional 23,882 shares in the last quarter. Harbor Advisory Corp MA boosted its position in shares of Brookfield Infrastructure by 12.9% in the 3rd quarter. Harbor Advisory Corp MA now owns 29,931 shares of the company's stock worth $1,300,000 after purchasing an additional 3,413 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Brookfield Infrastructure in the 3rd quarter worth approximately $4,194,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Performance

Shares of BIPC traded down $0.31 during mid-day 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 firm has a 50-day moving average price of $40.34 and a 200 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. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 29.40 and a beta of 1.48.

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 issued a $0.43 dividend. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure's payout ratio 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.