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

Cibc World Market Inc. grew its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 18.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933,865 shares of the company’s stock after purchasing an additional 144,188 shares during the quarter. Cibc World Market Inc.’s holdings in Brookfield Infrastructure were worth $37,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in Brookfield Infrastructure by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after acquiring an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after acquiring an additional 1,900 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after buying an additional 363 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Brookfield Infrastructure during the third quarter worth $204,000. Finally, MML Investors Services LLC purchased a new stake in shares of Brookfield Infrastructure during the third quarter worth $211,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 4.5 %

Brookfield Infrastructure stock opened at $42.05 on Friday. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 29.20 and a beta of 1.47. The company has a fifty day simple moving average of $40.97 and a 200-day simple moving average of $40.86.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure’s payout ratio is 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.