Public Employees Retirement System of Ohio Takes Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Public Employees Retirement System of Ohio purchased a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,947 shares of the company’s stock, valued at approximately $1,606,000.

A number of other hedge funds have also made changes to their positions in the company. Citigroup Inc. boosted its stake in shares of Brookfield Infrastructure by 221.6% during the third 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. Toronto Dominion Bank boosted its stake in shares of Brookfield Infrastructure by 32.0% during the second quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock valued at $5,023,000 after acquiring an additional 36,183 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Brookfield Infrastructure by 3.9% during the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock valued at $153,880,000 after acquiring an additional 169,892 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Brookfield Infrastructure by 240.5% during the third quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock valued at $1,807,000 after acquiring an additional 29,363 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Brookfield Infrastructure during the third quarter valued at $668,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 6.8 %

BIPC opened at $36.67 on Thursday. The business’s fifty day simple moving average is $42.76 and its 200 day simple moving average is $39.65. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The firm has a market cap of $4.84 billion, a P/E ratio of 25.47 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure’s payout ratio is 112.50%.

Brookfield Infrastructure Profile

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.