Cibc World Markets Corp Takes Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Cibc World Markets Corp purchased a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,231 shares of the company’s stock, valued at approximately $449,000.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. increased its position in shares of Brookfield Infrastructure by 221.6% during the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock valued at $3,819,000 after purchasing an additional 60,538 shares during the period. JPMorgan Chase & Co. increased its position in shares of Brookfield Infrastructure by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock valued at $15,787,000 after purchasing an additional 116,256 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Brookfield Infrastructure in the 3rd quarter worth $262,000. HighTower Advisors LLC grew its holdings in shares of Brookfield Infrastructure by 240.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock worth $1,807,000 after acquiring an additional 29,363 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Brookfield Infrastructure in the 3rd quarter worth $668,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Down 0.7 %

Shares of NASDAQ BIPC opened at $35.36 on Monday. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 24.55 and a beta of 1.48. The stock’s fifty day simple moving average is $39.73 and its 200 day simple moving average is $41.08. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29.

Brookfield Infrastructure Increases Dividend

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