Addenda Capital Inc. Makes New $227,000 Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Addenda Capital Inc. acquired a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 6,300 shares of the company’s stock, valued at approximately $227,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Brookfield Infrastructure by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock worth $175,974,000 after buying an additional 99,582 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Brookfield Infrastructure by 2,147.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,617,613 shares of the company’s stock worth $127,629,000 after acquiring an additional 3,456,621 shares during the period. Royal Bank of Canada grew its position in Brookfield Infrastructure by 6.9% in the third quarter. Royal Bank of Canada now owns 2,980,004 shares of the company’s stock worth $105,313,000 after acquiring an additional 193,611 shares during the period. Confluence Investment Management LLC purchased a new position in Brookfield Infrastructure in the first quarter worth approximately $89,710,000. Finally, Principal Financial Group Inc. grew its position in Brookfield Infrastructure by 21.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,482,207 shares of the company’s stock worth $87,572,000 after acquiring an additional 445,466 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock opened at $33.67 on Friday. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 23.38 and a beta of 1.45. Brookfield Infrastructure Co. has a fifty-two week low of $25.48 and a fifty-two week high of $47.44. The stock has a 50 day moving average of $33.69 and a 200 day moving average of $34.26.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $0.405 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.62 annualized dividend and a yield of 4.81%. Brookfield Infrastructure’s payout ratio is 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.