Toronto Dominion Bank Acquires 60,858 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Toronto Dominion Bank boosted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 158.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,207 shares of the company's stock after acquiring an additional 60,858 shares during the quarter. Toronto Dominion Bank owned approximately 0.08% of Brookfield Infrastructure worth $3,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIPC. J.Safra Asset Management Corp raised its position in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after purchasing an additional 274 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Brookfield Infrastructure by 6.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock valued at $202,000 after purchasing an additional 312 shares during the period. Fidelis Capital Partners LLC raised its position in shares of Brookfield Infrastructure by 5.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company's stock valued at $294,000 after purchasing an additional 367 shares during the period. Mariner LLC raised its position in shares of Brookfield Infrastructure by 1.4% in the fourth quarter. Mariner LLC now owns 26,031 shares of the company's stock valued at $1,041,000 after purchasing an additional 370 shares during the period. Finally, Allworth Financial LP raised its position in shares of Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after purchasing an additional 396 shares during the period. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Up 0.5%

NASDAQ:BIPC opened at $39.07 on Friday. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $45.29. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 27.13 and a beta of 1.38. The company's 50 day moving average is $36.64 and its 200-day moving average is $39.39.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio is 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.

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