Cibc World Market Inc. Boosts Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Cibc World Market Inc. grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 18.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 933,865 shares of the company’s stock after buying an additional 144,188 shares during the period. Cibc World Market Inc. owned 0.78% of Brookfield Infrastructure worth $37,364,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BIPC. Sei Investments Co. boosted its holdings in shares of Brookfield Infrastructure by 9.9% in the 2nd quarter. Sei Investments Co. now owns 54,331 shares of the company’s stock valued at $1,829,000 after buying an additional 4,907 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Brookfield Infrastructure by 424.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,069 shares of the company’s stock worth $709,000 after purchasing an additional 27,569 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Brookfield Infrastructure by 42.3% in the 2nd quarter. Mackenzie Financial Corp now owns 85,786 shares of the company’s stock worth $2,888,000 after purchasing an additional 25,515 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in Brookfield Infrastructure in the 2nd quarter worth approximately $12,632,000. Finally, SG Americas Securities LLC boosted its stake in Brookfield Infrastructure by 544.5% in the 3rd quarter. SG Americas Securities LLC now owns 36,800 shares of the company’s stock worth $1,598,000 after purchasing an additional 31,090 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Up 4.5 %

BIPC stock opened at $42.05 on Friday. The firm has a 50 day moving average of $40.97 and a 200 day moving average of $40.86. The stock has a market capitalization of $5.01 billion, a PE ratio of 29.20 and a beta of 1.47. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

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.