Baskin Financial Services Inc. Sells 9,143 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Baskin Financial Services Inc. lessened its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,119 shares of the company’s stock after selling 9,143 shares during the period. Baskin Financial Services Inc.’s holdings in Brookfield Infrastructure were worth $1,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC increased its holdings in 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 purchasing an additional 673,427 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Brookfield Infrastructure by 11,621.8% during the third quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company’s stock worth $9,662,000 after buying an additional 220,581 shares during the period. Cibc World Market Inc. grew its holdings 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 buying an additional 144,188 shares in the last quarter. Barclays PLC raised its position in 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 buying an additional 139,112 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Brookfield Infrastructure by 47.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock valued at $15,787,000 after acquiring an additional 116,256 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Down 0.7 %

NASDAQ:BIPC opened at $41.73 on Monday. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The company has a market cap of $4.97 billion, a P/E ratio of 28.98 and a beta of 1.47. The business has a 50 day moving average price of $40.87 and a two-hundred day moving average price of $40.92.

Brookfield Infrastructure Increases Dividend

The firm 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 dividend of $0.43 per share. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 4.12%. Brookfield Infrastructure’s dividend payout ratio is presently 112.50%.

About Brookfield Infrastructure

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.