New York State Common Retirement Fund Purchases 8,343 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

New York State Common Retirement Fund grew its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,084 shares of the company’s stock after purchasing an additional 8,343 shares during the quarter. New York State Common Retirement Fund’s holdings in Brookfield Infrastructure were worth $1,696,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC boosted its position in Brookfield Infrastructure by 0.9% during the 3rd quarter. FMR LLC now owns 10,107,345 shares of the company’s stock valued at $357,194,000 after acquiring an additional 93,628 shares in the last quarter. Vanguard Group Inc. grew its stake in Brookfield Infrastructure by 22.9% in the third 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 last quarter. Royal Bank of Canada raised its holdings in Brookfield Infrastructure by 6.9% in the third quarter. Royal Bank of Canada now owns 2,980,004 shares of the company’s stock worth $105,313,000 after purchasing an additional 193,611 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookfield Infrastructure by 20.5% during the third quarter. Principal Financial Group Inc. now owns 2,036,741 shares of the company’s stock valued at $71,978,000 after buying an additional 346,652 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Brookfield Infrastructure by 13.4% in the 4th quarter. Copeland Capital Management LLC now owns 1,986,687 shares of the company’s stock valued at $70,090,000 after buying an additional 234,739 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 0.7 %

NASDAQ BIPC opened at $34.18 on Thursday. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $48.23. The company has a 50 day moving average price of $33.02 and a 200 day moving average price of $33.32. The firm has a market cap of $4.51 billion, a PE ratio of 23.73 and a beta of 1.42.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.405 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.74%. Brookfield Infrastructure’s dividend 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.