Copeland Capital Management LLC Increases Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Copeland Capital Management LLC increased its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,986,687 shares of the company's stock after buying an additional 234,739 shares during the period. Brookfield Infrastructure comprises about 1.4% of Copeland Capital Management LLC's holdings, making the stock its 22nd biggest position. Copeland Capital Management LLC owned about 1.51% of Brookfield Infrastructure worth $70,090,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in BIPC. Lazard Asset Management LLC purchased a new position in shares of Brookfield Infrastructure in the third quarter worth about $27,000. Washington Trust Advisors Inc. increased its stake in shares of Brookfield Infrastructure by 125.1% in the third quarter. Washington Trust Advisors Inc. now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 519 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Brookfield Infrastructure in the fourth quarter worth about $34,000. First Horizon Advisors Inc. increased its stake in shares of Brookfield Infrastructure by 92.5% in the first quarter. First Horizon Advisors Inc. now owns 978 shares of the company's stock worth $45,000 after purchasing an additional 470 shares in the last quarter. Finally, Money Concepts Capital Corp purchased a new position in shares of Brookfield Infrastructure in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

Shares of BIPC traded up $0.85 during trading hours on Friday, hitting $36.04. The company's stock had a trading volume of 900,661 shares, compared to its average volume of 500,355. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 25.03 and a beta of 1.37. The business has a 50 day simple moving average of $35.05 and a two-hundred day simple moving average of $33.78. Brookfield Infrastructure Co. has a 52-week low of $25.48 and a 52-week high of $48.23.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.405 dividend. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 annualized dividend and a dividend yield of 4.50%. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 112.50%.

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.