Barclays PLC Purchases 139,112 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Barclays PLC boosted its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 234.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 198,571 shares of the company’s stock after buying an additional 139,112 shares during the period. Barclays PLC owned 0.15% of Brookfield Infrastructure worth $8,622,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BIPC. Citigroup Inc. raised its stake in Brookfield Infrastructure by 221.6% during the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock valued at $3,819,000 after purchasing an additional 60,538 shares during the period. Toronto Dominion Bank grew its holdings in Brookfield Infrastructure by 32.0% during the 2nd quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock valued at $5,023,000 after buying an additional 36,183 shares in the last quarter. Bank of Montreal Can raised its position in shares of Brookfield Infrastructure by 3.9% during the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock valued at $153,880,000 after buying an additional 169,892 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Brookfield Infrastructure by 240.5% in the third quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock worth $1,807,000 after buying an additional 29,363 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Brookfield Infrastructure during the third quarter worth $668,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ BIPC opened at $39.36 on Wednesday. The company has a market cap of $5.20 billion, a P/E ratio of 27.33 and a beta of 1.45. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The firm’s fifty day moving average is $42.86 and its two-hundred day moving average is $39.67.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.12%. Brookfield Infrastructure’s dividend payout ratio is currently 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.