Man Group plc Raises Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Man Group plc increased its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 58.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,163 shares of the company's stock after purchasing an additional 39,741 shares during the period. Man Group plc owned 0.09% of Brookfield Infrastructure worth $4,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Brookfield Infrastructure by 3.4% during the 4th 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 last quarter. Principal Financial Group Inc. raised its position in shares of 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 purchasing an additional 376,254 shares during the last quarter. Geode Capital Management LLC raised its position 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 worth $66,380,000 after purchasing an additional 82,393 shares during the last quarter. Norges Bank acquired a new position in shares of Brookfield Infrastructure during the 4th quarter worth approximately $60,137,000. Finally, Scotia Capital Inc. raised its position 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 worth $49,453,000 after purchasing an additional 44,627 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock opened at $38.86 on Thursday. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29. The company has a market capitalization of $4.63 billion, a P/E ratio of 26.99 and a beta of 1.38. The business has a 50 day moving average price of $36.56 and a 200 day moving average price of $39.40.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.43 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.43%. Brookfield Infrastructure's payout ratio is currently 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.

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