Charles Schwab Investment Management Inc. Grows Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Charles Schwab Investment Management Inc. boosted its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 277,097 shares of the company’s stock after purchasing an additional 49,061 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.21% of Brookfield Infrastructure worth $9,776,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fenimore Asset Management Inc. boosted its holdings in shares of Brookfield Infrastructure by 7.2% in the 4th 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. Raymond James & Associates boosted its holdings in shares of Brookfield Infrastructure by 25.3% in the 4th quarter. Raymond James & Associates now owns 204,178 shares of the company’s stock valued at $7,203,000 after acquiring an additional 41,192 shares during the last quarter. NewGen Asset Management Ltd purchased a new stake in shares of Brookfield Infrastructure in the 4th quarter valued at $21,404,000. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 911,454 shares during the last quarter. Finally, WESPAC Advisors LLC purchased a new stake in shares of Brookfield Infrastructure in the 4th quarter valued at $406,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

BIPC stock opened at $34.21 on Friday. The firm’s fifty day simple moving average is $33.34 and its 200-day simple moving average is $33.98. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $48.23. The company has a market capitalization of $4.51 billion, a P/E ratio of 23.76 and a beta of 1.42.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, May 31st. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

Brookfield Infrastructure Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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