Public Employees Retirement System of Ohio Invests $1.61 Million in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Public Employees Retirement System of Ohio acquired a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,947 shares of the company's stock, valued at approximately $1,606,000.

Other institutional investors have also modified their holdings of the company. Citigroup Inc. boosted its stake in shares of Brookfield Infrastructure by 221.6% during the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company's stock worth $3,819,000 after purchasing an additional 60,538 shares during the period. Toronto Dominion Bank boosted its position in shares of Brookfield Infrastructure by 32.0% during the second quarter. Toronto Dominion Bank now owns 149,219 shares of the company's stock valued at $5,023,000 after buying an additional 36,183 shares during the period. Bank of Montreal Can boosted its position in shares of Brookfield Infrastructure by 3.9% during the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company's stock valued at $153,880,000 after buying an additional 169,892 shares during the period. HighTower Advisors LLC grew its stake in shares of Brookfield Infrastructure by 240.5% during the third quarter. HighTower Advisors LLC now owns 41,574 shares of the company's stock valued at $1,807,000 after buying an additional 29,363 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Brookfield Infrastructure in the third quarter worth approximately $668,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Down 0.4 %

Shares of BIPC stock traded down $0.14 on Thursday, reaching $36.53. 695,740 shares of the company's stock were exchanged, compared to its average volume of 499,644. The company's fifty day simple moving average is $42.67 and its 200 day simple moving average is $39.62. The stock has a market capitalization of $4.82 billion, a PE ratio of 25.37 and a beta of 1.45. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.43%. Brookfield Infrastructure's dividend payout ratio (DPR) is 112.50%.

Brookfield Infrastructure Company 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.