State Board of Administration of Florida Retirement System Has $1.07 Million Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

State Board of Administration of Florida Retirement System increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPCGet Rating) by 50.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,105 shares of the company’s stock after purchasing an additional 8,368 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Brookfield Infrastructure were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Brookfield Infrastructure by 119.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,066,321 shares of the company’s stock worth $45,253,000 after purchasing an additional 581,375 shares during the period. Gilbert & Cook Inc. boosted its stake in shares of Brookfield Infrastructure by 57.8% during the 2nd quarter. Gilbert & Cook Inc. now owns 8,422 shares of the company’s stock worth $358,000 after buying an additional 3,084 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its stake in shares of Brookfield Infrastructure by 50.0% during the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 22,916 shares of the company’s stock worth $974,000 after buying an additional 7,634 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Brookfield Infrastructure by 73.8% during the 2nd quarter. Scotia Capital Inc. now owns 795,937 shares of the company’s stock worth $33,703,000 after buying an additional 337,958 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its stake in shares of Brookfield Infrastructure by 49.8% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 7,605 shares of the company’s stock worth $323,000 after buying an additional 2,527 shares during the last quarter.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $45.02 on Friday. The firm has a 50-day moving average of $43.57 and a 200-day moving average of $44.97. Brookfield Infrastructure Co. has a one year low of $37.54 and a one year high of $53.64. The company has a market cap of $4.98 billion and a price-to-earnings ratio of 31.26.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.20%. Brookfield Infrastructure’s payout ratio is 100.00%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their price objective on shares of Brookfield Infrastructure from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, August 4th.

About Brookfield Infrastructure

(Get Rating)

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.

Featured Articles

Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

Receive News & Ratings for Brookfield Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.