Northern Trust Corp Purchases 80,476 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Northern Trust Corp boosted its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 975,969 shares of the company’s stock after acquiring an additional 80,476 shares during the period. Northern Trust Corp owned 0.82% of Brookfield Infrastructure worth $39,049,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Brookfield Infrastructure in the 4th quarter worth about $60,137,000. HighTower Advisors LLC raised its stake in Brookfield Infrastructure by 1,684.0% in the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after buying an additional 700,108 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Brookfield Infrastructure by 13.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock worth $124,423,000 after buying an additional 376,254 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Brookfield Infrastructure by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company’s stock worth $23,552,000 after acquiring an additional 225,143 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Brookfield Infrastructure by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock worth $228,128,000 after acquiring an additional 187,719 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 0.1 %

NASDAQ BIPC opened at $38.77 on Friday. The firm has a market capitalization of $4.61 billion, a PE ratio of 26.92 and a beta of 1.38. The stock’s 50 day moving average is $36.10 and its 200 day moving average is $39.60. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29.

Brookfield Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 119.44%.

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.