Baskin Financial Services Inc. Raises Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Baskin Financial Services Inc. raised its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,262 shares of the company’s stock after purchasing an additional 1,465 shares during the quarter. Baskin Financial Services Inc.’s holdings in Brookfield Infrastructure were worth $1,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BIPC. Vanguard Group Inc. grew its holdings in Brookfield Infrastructure by 5.6% during the first quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after acquiring an additional 279,676 shares during the period. Bank of Montreal Can grew its stake in shares of Brookfield Infrastructure by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after purchasing an additional 169,892 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Brookfield Infrastructure by 9.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock valued at $96,704,000 after purchasing an additional 236,355 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in shares of Brookfield Infrastructure by 6.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 2,249,798 shares of the company’s stock valued at $81,083,000 after purchasing an additional 136,647 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Brookfield Infrastructure by 2.7% during the second quarter. National Bank of Canada FI now owns 1,272,758 shares of the company’s stock worth $41,935,000 after buying an additional 33,541 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

BIPC stock traded up $0.98 during midday trading on Wednesday, hitting $42.87. 83,907 shares of the stock traded hands, compared to its average volume of 517,194. The stock’s fifty day simple moving average is $40.60 and its 200-day simple moving average is $36.54. The firm has a market cap of $5.66 billion, a P/E ratio of 29.90 and a beta of 1.44. Brookfield Infrastructure Co. has a 1-year low of $25.48 and a 1-year high of $43.90.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.405 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.78%. Brookfield Infrastructure’s dividend payout ratio is presently 112.50%.

About Brookfield Infrastructure

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.