Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,650 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 35.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,765 shares of the company’s stock after buying an additional 5,650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brookfield Infrastructure were worth $771,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James & Associates lifted its holdings in Brookfield Infrastructure by 25.3% during the 4th quarter. Raymond James & Associates now owns 204,178 shares of the company’s stock worth $7,203,000 after buying an additional 41,192 shares in the last quarter. Fenimore Asset Management Inc. boosted its holdings in Brookfield Infrastructure by 7.2% in the fourth quarter. Fenimore Asset Management Inc. now owns 493,922 shares of the company’s stock valued at $17,426,000 after acquiring an additional 33,155 shares during the last quarter. Vanguard Group Inc. increased its position in Brookfield Infrastructure by 22.9% in the third quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock worth $172,754,000 after purchasing an additional 911,454 shares during the period. WESPAC Advisors LLC bought a new stake in Brookfield Infrastructure during the 4th quarter worth about $406,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Brookfield Infrastructure by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 228,036 shares of the company’s stock valued at $8,059,000 after purchasing an additional 1,107 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Down 0.4 %

Shares of NASDAQ BIPC opened at $31.16 on Tuesday. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $48.23. The firm’s 50-day moving average is $33.38 and its 200-day moving average is $33.23. The firm has a market capitalization of $4.11 billion, a PE ratio of 21.64 and a beta of 1.38.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.405 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.38. This represents a $1.62 dividend on an annualized basis and a yield of 5.20%. 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.