Addenda Capital Inc. Buys 7,570 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Addenda Capital Inc. boosted its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 120.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,870 shares of the company’s stock after acquiring an additional 7,570 shares during the period. Addenda Capital Inc.’s holdings in Brookfield Infrastructure were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Brookfield Infrastructure by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after purchasing an additional 1,329 shares during the period. Toth Financial Advisory Corp lifted its holdings in Brookfield Infrastructure by 111.6% in the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock valued at $156,000 after buying an additional 1,900 shares during the period. Signaturefd LLC boosted its position in Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after acquiring an additional 363 shares during the last quarter. M&T Bank Corp acquired a new stake in Brookfield Infrastructure during the 3rd quarter worth about $204,000. Finally, MML Investors Services LLC bought a new position in shares of Brookfield Infrastructure in the 3rd quarter worth about $211,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock opened at $41.07 on Wednesday. The stock’s 50-day moving average is $41.19 and its 200 day moving average is $40.57. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 28.52 and a beta of 1.47.

Brookfield Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 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.