JPMorgan Chase & Co. Has $15.79 Million Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

JPMorgan Chase & Co. boosted its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 47.0% in the third quarter, Holdings Channel.com reports. The fund owned 363,506 shares of the company’s stock after buying an additional 116,256 shares during the quarter. JPMorgan Chase & Co.’s holdings in Brookfield Infrastructure were worth $15,787,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after purchasing an additional 673,427 shares during the last quarter. Bank of Montreal Can increased its position in Brookfield Infrastructure by 3.9% during 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 during the period. Copeland Capital Management LLC increased its holdings in Brookfield Infrastructure by 1.2% in the third quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company’s stock worth $90,416,000 after purchasing an additional 23,882 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brookfield Infrastructure by 1.4% in 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 purchased a new stake in shares of Brookfield Infrastructure in the second quarter worth approximately $12,632,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Down 5.8 %

Shares of Brookfield Infrastructure stock opened at $38.07 on Friday. The firm has a market capitalization of $4.53 billion, a P/E ratio of 26.44 and a beta of 1.47. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The business’s fifty day simple moving average is $41.54 and its 200 day simple moving average is $40.24.

Brookfield Infrastructure Announces Dividend

The firm also recently declared 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 of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.26%. Brookfield Infrastructure’s 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.