Brookfield Infrastructure Co. (NASDAQ:BIPC) Holdings Boosted by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. boosted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 13.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,278 shares of the company’s stock after acquiring an additional 5,420 shares during the period. Burgundy Asset Management Ltd.’s holdings in Brookfield Infrastructure were worth $1,557,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its holdings in shares of Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after buying an additional 288 shares during the last quarter. CWM LLC raised its holdings in shares of Brookfield Infrastructure by 10.7% during the second quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after buying an additional 305 shares during the last quarter. Heritage Wealth Advisors raised its holdings in shares of Brookfield Infrastructure by 43.0% during the first quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock valued at $48,000 after buying an additional 401 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Brookfield Infrastructure by 1.5% during the first quarter. ProShare Advisors LLC now owns 36,266 shares of the company’s stock valued at $1,307,000 after buying an additional 530 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Brookfield Infrastructure by 6.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 9,556 shares of the company’s stock valued at $344,000 after buying an additional 544 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $41.45 on Thursday. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $42.46. The firm has a market capitalization of $5.47 billion, a PE ratio of 28.78 and a beta of 1.44. The company’s 50 day simple moving average is $38.99 and its 200 day simple moving average is $35.50.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a dividend of $0.405 per share. The ex-dividend date is Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.91%. Brookfield Infrastructure’s dividend payout ratio is presently 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.