Intact Investment Management Inc. Makes New Investment in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Intact Investment Management Inc. purchased a new position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 91,000 shares of the company’s stock, valued at approximately $3,651,000. Intact Investment Management Inc. owned about 0.08% of Brookfield Infrastructure as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in shares of Brookfield Infrastructure by 1,684.0% during the 4th 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. FMR LLC increased its holdings in shares of Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after acquiring an additional 673,427 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Brookfield Infrastructure by 13.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock worth $124,423,000 after acquiring an additional 376,254 shares during the last quarter. Cibc World Market Inc. increased its holdings in shares of Brookfield Infrastructure by 18.3% during the 4th 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% during the 3rd quarter. Barclays PLC now owns 198,571 shares of the company’s stock worth $8,622,000 after acquiring an additional 139,112 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

BIPC opened at $34.78 on Friday. The business has a fifty day simple moving average of $40.16 and a 200 day simple moving average of $41.24. The company has a market capitalization of $4.14 billion, a PE ratio of 24.15 and a beta of 1.48. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.95%. Brookfield Infrastructure’s 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.