Public Employees Retirement System of Ohio Takes $1.61 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Public Employees Retirement System of Ohio acquired a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 36,947 shares of the company’s stock, valued at approximately $1,606,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of Brookfield Infrastructure by 11.7% during the 2nd 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 period. Gryphon Financial Partners LLC purchased a new stake in shares of Brookfield Infrastructure during the 2nd quarter valued at about $136,000. Covestor Ltd raised its holdings in shares of Brookfield Infrastructure by 64.0% during the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after buying an additional 1,329 shares during the period. Toth Financial Advisory Corp raised its holdings in shares of Brookfield Infrastructure by 111.6% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock valued at $156,000 after buying an additional 1,900 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after buying an additional 363 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC opened at $36.67 on Thursday. The company has a market cap of $4.84 billion, a P/E ratio of 25.47 and a beta of 1.45. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The business’s 50-day simple moving average is $42.76 and its 200 day simple moving average is $39.65.

Brookfield Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.42%. 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.