Brookfield Infrastructure Co. (NASDAQ:BIPC) Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 35.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,765 shares of the company’s stock after acquiring an additional 5,650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brookfield Infrastructure were worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BIPC. Allworth Financial LP grew its holdings in Brookfield Infrastructure by 169.8% during the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock worth $25,000 after acquiring an additional 445 shares during the period. CWM LLC grew its stake in shares of Brookfield Infrastructure by 81.6% in the 3rd quarter. CWM LLC now owns 2,059 shares of the company’s stock worth $73,000 after purchasing an additional 925 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Brookfield Infrastructure in the 3rd quarter worth approximately $121,000. Whittier Trust Co. raised its holdings in shares of Brookfield Infrastructure by 1,028.5% in the 3rd quarter. Whittier Trust Co. now owns 3,916 shares of the company’s stock worth $138,000 after purchasing an additional 3,569 shares in the last quarter. Finally, Pacifica Partners Inc. lifted its stake in Brookfield Infrastructure by 7.5% during the fourth quarter. Pacifica Partners Inc. now owns 4,968 shares of the company’s stock valued at $175,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $31.16 on Tuesday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 21.64 and a beta of 1.38. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $48.23. The firm’s 50 day moving average price is $33.38 and its two-hundred day moving average price is $33.23.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.20%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 28th. Brookfield Infrastructure’s payout ratio is presently 112.50%.

Brookfield Infrastructure 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.