Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 149,410 shares of the company’s stock after buying an additional 1,683 shares during the period. Maryland State Retirement & Pension System’s holdings in Brookfield Infrastructure were worth $5,978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BIPC. FMR LLC boosted its stake in shares of 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 purchasing an additional 673,427 shares during the period. Principal Financial Group Inc. boosted its position in Brookfield Infrastructure by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after buying an additional 376,254 shares during the last quarter. Cibc World Market Inc. grew its stake 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 valued at $37,364,000 after acquiring an additional 144,188 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Brookfield Infrastructure by 1,684.0% during the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after acquiring an additional 700,108 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Brookfield Infrastructure by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company’s stock worth $25,371,000 after acquiring an additional 4,689 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 1.6 %

Shares of NASDAQ BIPC opened at $36.07 on Thursday. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The business has a 50 day moving average price of $39.88 and a two-hundred day moving average price of $41.14. The firm has a market cap of $4.29 billion, a PE ratio of 25.05 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.77%. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 119.44%.

Brookfield Infrastructure 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.