Marks Group Wealth Management Inc Increases Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Marks Group Wealth Management Inc increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 11.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,297 shares of the company’s stock after acquiring an additional 1,054 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Brookfield Infrastructure were worth $412,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Brookfield Infrastructure by 5.7% during the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock valued at $540,840,000 after acquiring an additional 673,427 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Brookfield Infrastructure by 1.2% during the third quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company’s stock worth $90,416,000 after purchasing an additional 23,882 shares in the last quarter. Cibc World Market Inc. raised its stake in Brookfield Infrastructure by 18.3% in the 4th quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock valued at $37,364,000 after purchasing an additional 144,188 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Brookfield Infrastructure by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock valued at $27,314,000 after purchasing an additional 8,891 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Brookfield Infrastructure by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock worth $15,787,000 after purchasing an additional 116,256 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Up 0.6 %

Shares of NASDAQ BIPC opened at $40.95 on Thursday. The firm has a 50-day simple moving average of $40.41 and a 200-day simple moving average of $41.08. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 28.44 and a beta of 1.48. 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.20%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) 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.