Scotia Capital Inc. Acquires 44,627 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Scotia Capital Inc. lifted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,247,007 shares of the company's stock after buying an additional 44,627 shares during the quarter. Scotia Capital Inc. owned about 1.05% of Brookfield Infrastructure worth $49,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp raised its position in shares of Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after acquiring an additional 274 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock valued at $44,000 after purchasing an additional 758 shares during the last quarter. Allworth Financial LP lifted its stake in 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 buying an additional 396 shares during the period. Morgan Dempsey Capital Management LLC lifted its stake in Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock valued at $73,000 after buying an additional 460 shares during the period. Finally, FIL Ltd grew its position in shares of Brookfield Infrastructure by 30.2% during the 4th quarter. FIL Ltd now owns 2,922 shares of the company's stock worth $117,000 after buying an additional 678 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Up 0.7 %

Shares of NASDAQ:BIPC traded up $0.26 during mid-day trading on Tuesday, reaching $35.72. The stock had a trading volume of 145,529 shares, compared to its average volume of 534,662. The firm has a 50 day simple moving average of $37.77 and a two-hundred day simple moving average of $40.30. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The firm has a market cap of $4.25 billion, a PE ratio of 24.81 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.43 dividend. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.82%. Brookfield Infrastructure's payout ratio is 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.