Van ECK Associates Corp Buys 2,586 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Van ECK Associates Corp raised its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,739 shares of the company’s stock after purchasing an additional 2,586 shares during the period. Van ECK Associates Corp’s holdings in Brookfield Infrastructure were worth $1,035,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Brookfield Infrastructure by 2,147.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,617,613 shares of the company’s stock valued at $127,629,000 after buying an additional 3,456,621 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Brookfield Infrastructure during the first quarter worth approximately $89,710,000. Norges Bank acquired a new stake in Brookfield Infrastructure during the 4th quarter worth approximately $53,055,000. Epoch Investment Partners Inc. boosted its stake in Brookfield Infrastructure by 67.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,113,151 shares of the company’s stock valued at $74,552,000 after purchasing an additional 852,089 shares during the period. Finally, TD Asset Management Inc grew its holdings in Brookfield Infrastructure by 118.9% in the 4th quarter. TD Asset Management Inc now owns 1,254,936 shares of the company’s stock valued at $44,379,000 after buying an additional 681,645 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Performance

BIPC opened at $39.62 on Friday. The stock has a fifty day moving average of $37.85 and a 200-day moving average of $35.13. The company has a market capitalization of $5.23 billion, a P/E ratio of 27.51 and a beta of 1.44. Brookfield Infrastructure Co. has a fifty-two week low of $25.48 and a fifty-two week high of $41.58.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Friday, August 30th. Brookfield Infrastructure’s dividend payout ratio is currently 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.