Toronto Dominion Bank Has $1.67 Million Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Toronto Dominion Bank cut its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 74.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,349 shares of the company's stock after selling 110,870 shares during the period. Toronto Dominion Bank's holdings in Brookfield Infrastructure were worth $1,665,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BIPC. M&T Bank Corp purchased a new position in Brookfield Infrastructure in the third quarter valued at about $204,000. Barclays PLC boosted its stake in shares of Brookfield Infrastructure by 234.0% in the third quarter. Barclays PLC now owns 198,571 shares of the company's stock valued at $8,622,000 after purchasing an additional 139,112 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Brookfield Infrastructure during the 3rd quarter worth approximately $1,606,000. MML Investors Services LLC bought a new stake in shares of Brookfield Infrastructure in the third quarter worth $211,000. Finally, Stifel Financial Corp raised its position in shares of Brookfield Infrastructure by 4.4% during the 3rd quarter. Stifel Financial Corp now owns 151,703 shares of the company's stock valued at $6,589,000 after acquiring an additional 6,417 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

Shares of BIPC stock traded down $0.77 during trading hours on Monday, reaching $39.86. The stock had a trading volume of 345,825 shares, compared to its average volume of 496,984. The firm has a market capitalization of $5.26 billion, a PE ratio of 28.22 and a beta of 1.45. The firm has a 50-day simple moving average of $42.94 and a 200-day simple moving average of $39.59. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month 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 issued a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.06%. 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.