TD Waterhouse Canada Inc. Acquires 37,503 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

TD Waterhouse Canada Inc. increased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,024,923 shares of the company's stock after acquiring an additional 37,503 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.86% of Brookfield Infrastructure worth $40,593,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Brookfield Infrastructure in the 4th quarter valued at about $60,137,000. HighTower Advisors LLC boosted its stake in Brookfield Infrastructure by 1,684.0% in the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock valued at $29,671,000 after acquiring an additional 700,108 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Brookfield Infrastructure by 13.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock worth $124,423,000 after acquiring an additional 376,254 shares during the period. JPMorgan Chase & Co. raised its position in shares of Brookfield Infrastructure by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company's stock valued at $23,552,000 after acquiring an additional 225,143 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake 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 worth $228,128,000 after purchasing an additional 187,719 shares during the period. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Performance

NASDAQ:BIPC traded up $0.10 during mid-day trading on Friday, hitting $36.34. The company had a trading volume of 417,723 shares, compared to its average volume of 525,189. The firm has a market cap of $4.33 billion, a P/E ratio of 25.24 and a beta of 1.48. Brookfield Infrastructure Co. has a fifty-two week low of $29.30 and a fifty-two week high of $45.29. The business's fifty day moving average is $36.72 and its two-hundred day moving average is $39.93.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.

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.