Toronto Dominion Bank grew its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 158.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,207 shares of the company's stock after buying an additional 60,858 shares during the quarter. Toronto Dominion Bank owned 0.08% of Brookfield Infrastructure worth $3,974,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp increased its stake in Brookfield Infrastructure by 55.0% during the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after acquiring an additional 274 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after purchasing an additional 758 shares during the period. Transce3nd LLC purchased a new position in shares of Brookfield Infrastructure in the 4th quarter worth approximately $46,000. Allworth Financial LP increased its position in shares of Brookfield Infrastructure by 42.9% during the 4th 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 last quarter. Finally, Dunhill Financial LLC purchased a new stake in Brookfield Infrastructure during the 4th quarter valued at $69,000. Institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Stock Up 0.5%
BIPC traded up $0.20 during trading on Monday, reaching $39.77. The company had a trading volume of 972,061 shares, compared to its average volume of 545,261. The business has a 50 day simple moving average of $37.06 and a 200-day simple moving average of $39.20. The stock has a market cap of $4.73 billion, a P/E ratio of 27.62 and a beta of 1.38. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29.
Brookfield Infrastructure Dividend Announcement
The company also recently declared 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.32%. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.
About Brookfield Infrastructure
(
Free Report)
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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