Mackenzie Financial Corp Decreases Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Mackenzie Financial Corp lowered its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,156 shares of the company’s stock after selling 2,901 shares during the period. Mackenzie Financial Corp’s holdings in Brookfield Infrastructure were worth $2,123,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allworth Financial LP increased its stake in shares of Brookfield Infrastructure by 169.8% during the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock worth $25,000 after purchasing an additional 445 shares during the last quarter. Washington Trust Advisors Inc. grew its stake in Brookfield Infrastructure by 125.1% in the 3rd quarter. Washington Trust Advisors Inc. now owns 934 shares of the company’s stock valued at $33,000 after buying an additional 519 shares in the last quarter. CWM LLC grew its stake in Brookfield Infrastructure by 81.6% in the 3rd quarter. CWM LLC now owns 2,059 shares of the company’s stock valued at $73,000 after buying an additional 925 shares in the last quarter. NBC Securities Inc. purchased a new position in Brookfield Infrastructure in the 3rd quarter valued at approximately $121,000. Finally, Whittier Trust Co. grew its stake in Brookfield Infrastructure by 1,028.5% in the 3rd quarter. Whittier Trust Co. now owns 3,916 shares of the company’s stock valued at $138,000 after buying an additional 3,569 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 1.2 %

Brookfield Infrastructure stock opened at $31.68 on Wednesday. Brookfield Infrastructure Co. has a 1-year low of $25.48 and a 1-year high of $48.23. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 22.00 and a beta of 1.38. The firm has a 50 day simple moving average of $33.75 and a 200 day simple moving average of $33.29.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 5.11%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 28th. Brookfield Infrastructure’s payout ratio is currently 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.