Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 315.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,903 shares of the company’s stock after acquiring an additional 103,920 shares during the period. Van ECK Associates Corp owned approximately 0.12% of Brookfield Infrastructure worth $5,490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Brookfield Infrastructure by 5.7% during the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after purchasing an additional 673,427 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in Brookfield Infrastructure by 1.2% in the 3rd quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company’s stock worth $90,416,000 after buying an additional 23,882 shares in the last quarter. Cibc World Market Inc. boosted its position in Brookfield Infrastructure by 18.3% in the 4th quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock valued at $37,364,000 after buying an additional 144,188 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Brookfield Infrastructure by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock valued at $27,314,000 after acquiring an additional 8,891 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock worth $15,787,000 after acquiring an additional 116,256 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 3.1 %

Shares of NASDAQ BIPC opened at $42.62 on Wednesday. The business has a 50 day moving average price of $40.27 and a two-hundred day moving average price of $41.19. The firm has a market cap of $5.07 billion, a PE ratio of 29.60 and a beta of 1.48. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.04%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio is currently 119.44%.

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.