Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,558 shares of the company’s stock after purchasing an additional 6,651 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Brookfield Infrastructure worth $3,383,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BIPC. HighTower Advisors LLC lifted its holdings in shares of Brookfield Infrastructure by 1,684.0% in the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock valued at $29,671,000 after purchasing an additional 700,108 shares during the last quarter. FMR LLC lifted its stake in Brookfield Infrastructure by 5.7% in the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock valued at $540,840,000 after buying an additional 673,427 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Brookfield Infrastructure by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after acquiring an additional 376,254 shares during the period. Cibc World Market Inc. grew its position in shares of Brookfield Infrastructure by 18.3% during the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock worth $37,364,000 after acquiring an additional 144,188 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Brookfield Infrastructure by 234.0% in the 3rd quarter. Barclays PLC now owns 198,571 shares of the company’s stock valued at $8,622,000 after acquiring an additional 139,112 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

BIPC stock opened at $35.36 on Friday. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 24.55 and a beta of 1.48. The company has a fifty day moving average price of $39.73 and a 200 day moving average price of $41.07.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.86%. Brookfield Infrastructure’s dividend payout ratio is 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.