Bank of Nova Scotia Acquires 95,585 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Bank of Nova Scotia increased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 155.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 157,102 shares of the company’s stock after buying an additional 95,585 shares during the quarter. Bank of Nova Scotia’s holdings in Brookfield Infrastructure were worth $6,303,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. J.Safra Asset Management Corp grew its holdings in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock worth $31,000 after purchasing an additional 274 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock worth $44,000 after acquiring an additional 758 shares in the last quarter. Allworth Financial LP increased its position in shares of Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after acquiring an additional 396 shares during the period. Morgan Dempsey Capital Management LLC increased its position in shares of Brookfield Infrastructure by 34.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock worth $73,000 after acquiring an additional 460 shares during the period. Finally, FIL Ltd raised its stake in shares of Brookfield Infrastructure by 30.2% during the fourth quarter. FIL Ltd now owns 2,922 shares of the company’s stock valued at $117,000 after acquiring an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 1.9 %

Shares of NASDAQ:BIPC opened at $34.52 on Friday. The business’s 50 day moving average is $37.90 and its 200 day moving average is $40.38. The stock has a market cap of $4.11 billion, a P/E ratio of 23.97 and a beta of 1.48. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.43 per share. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.98%. Brookfield Infrastructure’s dividend payout ratio 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.