Swiss National Bank Has $9.42 Million Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Swiss National Bank increased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 234,877 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Swiss National Bank owned approximately 0.20% of Brookfield Infrastructure worth $9,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp boosted its stake in Brookfield Infrastructure by 55.0% in the 4th 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 period. Janney Montgomery Scott LLC lifted its position in Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock worth $202,000 after buying an additional 312 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Brookfield Infrastructure by 1.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock worth $1,579,000 after buying an additional 364 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in Brookfield Infrastructure by 5.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company’s stock worth $294,000 after buying an additional 367 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Brookfield Infrastructure by 42.9% during the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after buying an additional 396 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of NASDAQ:BIPC opened at $35.36 on Friday. The company’s 50-day moving average price is $39.73 and its two-hundred day moving average price is $41.06. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The stock has a market capitalization of $4.21 billion, a PE ratio of 24.55 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.86%. Brookfield Infrastructure’s payout ratio is 119.44%.

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.