Vanguard Group Inc. Has $172.75 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Vanguard Group Inc. lifted its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 22.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,888,336 shares of the company's stock after purchasing an additional 911,454 shares during the period. Vanguard Group Inc. owned about 3.71% of Brookfield Infrastructure worth $172,754,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Brookfield Infrastructure by 0.9% in the 3rd quarter. FMR LLC now owns 10,107,345 shares of the company's stock worth $357,194,000 after acquiring an additional 93,628 shares in the last quarter. BlackRock Inc. increased its holdings in Brookfield Infrastructure by 2.7% during the 2nd quarter. BlackRock Inc. now owns 5,463,158 shares of the company's stock worth $249,011,000 after purchasing an additional 143,907 shares during the period. Royal Bank of Canada raised its position in Brookfield Infrastructure by 6.9% during the 3rd quarter. Royal Bank of Canada now owns 2,980,004 shares of the company's stock valued at $105,313,000 after purchasing an additional 193,611 shares in the last quarter. Brown Advisory Inc. lifted its stake in Brookfield Infrastructure by 22.7% in the third quarter. Brown Advisory Inc. now owns 2,126,621 shares of the company's stock worth $75,155,000 after acquiring an additional 393,127 shares during the period. Finally, Principal Financial Group Inc. increased its position in Brookfield Infrastructure by 20.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,036,741 shares of the company's stock valued at $71,978,000 after purchasing an additional 346,652 shares during the period. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

Shares of NASDAQ:BIPC traded down $0.42 during trading hours on Monday, hitting $35.62. The company's stock had a trading volume of 333,461 shares, compared to its average volume of 497,662. The firm's fifty day moving average price is $35.06 and its 200 day moving average price is $33.76. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $48.23. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 24.74 and a beta of 1.37.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.55%. The ex-dividend date was Wednesday, February 28th. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.38. Brookfield Infrastructure's dividend payout ratio (DPR) is 112.50%.

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.