Addenda Capital Inc. Has $555,000 Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Addenda Capital Inc. raised its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 120.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,870 shares of the company’s stock after buying an additional 7,570 shares during the quarter. Addenda Capital Inc.’s holdings in Brookfield Infrastructure were worth $555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BIPC. FMR LLC grew its position in Brookfield Infrastructure by 5.7% in the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock valued at $540,840,000 after acquiring an additional 673,427 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Brookfield Infrastructure by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock valued at $153,880,000 after purchasing an additional 169,892 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Brookfield Infrastructure by 1.2% during the 3rd quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company’s stock valued at $90,416,000 after purchasing an additional 23,882 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Brookfield Infrastructure by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock worth $27,314,000 after purchasing an additional 8,891 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in Brookfield Infrastructure in the 2nd quarter valued at approximately $12,632,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

NASDAQ BIPC opened at $41.07 on Wednesday. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The stock has a market cap of $4.89 billion, a PE ratio of 28.52 and a beta of 1.47. The firm’s fifty day moving average price is $41.19 and its two-hundred day moving average price is $40.57.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 3.94%. Brookfield Infrastructure’s payout ratio is presently 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.