Maryland State Retirement & Pension System Raises Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Maryland State Retirement & Pension System lifted its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 149,410 shares of the company’s stock after buying an additional 1,683 shares during the period. Maryland State Retirement & Pension System owned 0.13% of Brookfield Infrastructure worth $5,978,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its holdings in shares of Brookfield Infrastructure by 2.7% during the third quarter. Natixis Advisors LLC now owns 77,907 shares of the company’s stock worth $3,384,000 after purchasing an additional 2,027 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Brookfield Infrastructure in the 3rd quarter worth about $668,000. Charles Schwab Investment Management Inc. grew its holdings in Brookfield Infrastructure by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock valued at $27,314,000 after buying an additional 8,891 shares during the period. Citigroup Inc. increased its stake in shares of Brookfield Infrastructure by 221.6% during the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock valued at $3,819,000 after acquiring an additional 60,538 shares during the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new position in shares of Brookfield Infrastructure during the 3rd quarter worth about $224,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $36.07 on Thursday. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29. The firm has a 50 day moving average price of $39.88 and a 200 day moving average price of $41.14. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 25.05 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date 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 dividend yield of 4.77%. Brookfield Infrastructure’s payout ratio is currently 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.