Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Purchased by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. boosted its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,278 shares of the company’s stock after purchasing an additional 5,420 shares during the period. Burgundy Asset Management Ltd.’s holdings in Brookfield Infrastructure were worth $1,557,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Bank of Nova Scotia grew its stake in shares of Brookfield Infrastructure by 29.4% during the fourth quarter. Bank of Nova Scotia now owns 201,613 shares of the company’s stock valued at $7,112,000 after acquiring an additional 45,757 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Brookfield Infrastructure by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after acquiring an additional 16,132 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Brookfield Infrastructure by 379.6% during the fourth quarter. Hsbc Holdings PLC now owns 41,707 shares of the company’s stock valued at $1,468,000 after acquiring an additional 33,010 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Brookfield Infrastructure during the first quarter valued at about $996,000. Finally, Vanguard Group Inc. grew its stake in shares of Brookfield Infrastructure by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock valued at $175,974,000 after acquiring an additional 99,582 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock opened at $41.45 on Thursday. The business has a 50-day moving average of $38.99 and a 200-day moving average of $35.50. The company has a market capitalization of $5.47 billion, a PE ratio of 28.78 and a beta of 1.44. Brookfield Infrastructure Co. has a 1-year low of $25.48 and a 1-year high of $42.46.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.405 per share. The ex-dividend date is Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.91%. Brookfield Infrastructure’s payout ratio 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.