Brookfield Infrastructure Co. (NASDAQ:BIPC) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 628,606 shares of the company’s stock after buying an additional 8,891 shares during the period. Charles Schwab Investment Management Inc. owned 0.48% of Brookfield Infrastructure worth $27,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BIPC. Price T Rowe Associates Inc. MD grew its position in Brookfield Infrastructure by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,225 shares of the company’s stock worth $1,234,000 after purchasing an additional 4,361 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Brookfield Infrastructure by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock worth $729,000 after purchasing an additional 16,132 shares during the last quarter. CWM LLC grew its position in Brookfield Infrastructure by 10.7% in the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after purchasing an additional 305 shares during the last quarter. Ipswich Investment Management Co. Inc. grew its position in Brookfield Infrastructure by 1.7% in the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 82,051 shares of the company’s stock worth $2,762,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Brookfield Infrastructure by 39.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,203 shares of the company’s stock worth $579,000 after purchasing an additional 4,910 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 1.0 %

NASDAQ BIPC opened at $43.65 on Thursday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 30.31 and a beta of 1.45. The company has a 50-day moving average price of $42.98 and a two-hundred day moving average price of $39.22.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed 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. This represents a $1.62 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 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.