Brookfield Infrastructure Co. (NASDAQ:BIPC) Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,907 shares of the company’s stock after acquiring an additional 988 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Brookfield Infrastructure were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BIPC. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Brookfield Infrastructure by 14.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,461 shares of the company’s stock valued at $337,000 after acquiring an additional 559 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Brookfield Infrastructure by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 213,315 shares of the company’s stock worth $16,092,000 after buying an additional 3,782 shares during the last quarter. MetLife Investment Management LLC grew its stake in Brookfield Infrastructure by 62.5% during the 1st quarter. MetLife Investment Management LLC now owns 33,631 shares of the company’s stock worth $2,537,000 after buying an additional 12,938 shares during the last quarter. BlackRock Inc. grew its stake in Brookfield Infrastructure by 7.4% during the 1st quarter. BlackRock Inc. now owns 3,763,219 shares of the company’s stock worth $283,898,000 after buying an additional 258,946 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Brookfield Infrastructure by 38.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 30,052 shares of the company’s stock worth $2,406,000 after buying an additional 8,340 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Price Performance

Shares of BIPC opened at $30.87 on Friday. The company has a market cap of $4.07 billion, a P/E ratio of 21.44 and a beta of 1.38. The stock has a fifty day moving average price of $33.92 and a 200 day moving average price of $33.31. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $48.23.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a dividend of $0.405 per share. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.38. This represents a $1.62 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date was Wednesday, February 28th. 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.