Intech Investment Management LLC Grows Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Intech Investment Management LLC grew its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 197.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,772 shares of the company’s stock after acquiring an additional 30,380 shares during the quarter. Intech Investment Management LLC’s holdings in Brookfield Infrastructure were worth $1,831,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Natixis Advisors LLC boosted its stake in shares of Brookfield Infrastructure by 2.7% during the 3rd quarter. Natixis Advisors LLC now owns 77,907 shares of the company’s stock worth $3,384,000 after purchasing an additional 2,027 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Brookfield Infrastructure by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock worth $27,314,000 after acquiring an additional 8,891 shares during the last quarter. Citigroup Inc. grew its stake in Brookfield Infrastructure by 221.6% in the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock worth $3,819,000 after acquiring an additional 60,538 shares during the period. Great Valley Advisor Group Inc. acquired a new position in Brookfield Infrastructure in the 3rd quarter valued at $224,000. Finally, Cerity Partners LLC lifted its stake in shares of Brookfield Infrastructure by 29.9% during the 3rd quarter. Cerity Partners LLC now owns 32,681 shares of the company’s stock worth $1,419,000 after purchasing an additional 7,517 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 1.1 %

BIPC stock opened at $35.65 on Friday. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 24.75 and a beta of 1.48. The stock’s fifty day simple moving average is $39.78 and its 200-day simple moving average is $41.10. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.43 dividend. This is a boost 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 yield of 4.83%. Brookfield Infrastructure’s payout ratio is 119.44%.

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.