Mirae Asset Global Investments Co. Ltd. Acquires 988 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Mirae Asset Global Investments Co. Ltd. raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,907 shares of the company’s stock after purchasing an additional 988 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Brookfield Infrastructure were worth $1,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in shares of Brookfield Infrastructure by 0.9% in the 3rd quarter. FMR LLC now owns 10,107,345 shares of the company’s stock valued at $357,194,000 after purchasing an additional 93,628 shares during the period. BlackRock Inc. raised its stake in shares of Brookfield Infrastructure by 2.7% in the 2nd quarter. BlackRock Inc. now owns 5,463,158 shares of the company’s stock valued at $249,011,000 after purchasing an additional 143,907 shares during the period. Vanguard Group Inc. raised its stake in shares of Brookfield Infrastructure by 22.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock valued at $172,754,000 after purchasing an additional 911,454 shares during the period. Royal Bank of Canada increased its position in shares of Brookfield Infrastructure by 6.9% in the third quarter. Royal Bank of Canada now owns 2,980,004 shares of the company’s stock valued at $105,313,000 after acquiring an additional 193,611 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Brookfield Infrastructure by 22.7% in the third quarter. Brown Advisory Inc. now owns 2,126,621 shares of the company’s stock valued at $75,155,000 after acquiring an additional 393,127 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

NASDAQ:BIPC opened at $30.87 on Friday. The stock’s 50-day simple moving average is $33.92 and its 200 day simple moving average is $33.31. The company has a market cap of $4.07 billion, a P/E ratio of 21.44 and a beta of 1.38. Brookfield Infrastructure Co. has a 52-week low of $25.48 and a 52-week high of $48.23.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a $0.405 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.25%. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.38. Brookfield Infrastructure’s payout ratio is currently 112.50%.

Brookfield Infrastructure 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.