Fifth Third Bancorp Purchases 663 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Fifth Third Bancorp raised its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 79.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,501 shares of the company’s stock after acquiring an additional 663 shares during the period. Fifth Third Bancorp’s holdings in Brookfield Infrastructure were worth $54,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BIPC. Vanguard Group Inc. boosted its position in shares of Brookfield Infrastructure by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock valued at $228,128,000 after purchasing an additional 187,719 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Brookfield Infrastructure by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,617,912 shares of the company’s stock valued at $66,380,000 after buying an additional 82,393 shares in the last quarter. Norges Bank bought a new stake in shares of Brookfield Infrastructure during the 4th quarter valued at $60,137,000. Scotia Capital Inc. boosted its holdings in shares of Brookfield Infrastructure by 3.7% during the 4th quarter. Scotia Capital Inc. now owns 1,247,007 shares of the company’s stock valued at $49,453,000 after buying an additional 44,627 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Brookfield Infrastructure by 3.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,024,923 shares of the company’s stock valued at $40,593,000 after buying an additional 37,503 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Up 0.6%

Shares of BIPC stock opened at $40.74 on Friday. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $45.29. The company’s fifty day moving average price is $38.74 and its 200-day moving average price is $38.94. The stock has a market cap of $4.85 billion, a PE ratio of 28.29 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure’s payout ratio is currently 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.