Caisse DE Depot ET Placement DU Quebec lowered its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367,396 shares of the company's stock after selling 229,860 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 1.15% of Brookfield Infrastructure worth $54,840,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp lifted its holdings in Brookfield Infrastructure by 55.0% during 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 in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after buying an additional 758 shares in the last quarter. Transce3nd LLC bought a new position in shares of Brookfield Infrastructure in the fourth quarter valued at approximately $46,000. Allworth Financial LP grew its stake in Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after acquiring an additional 396 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its holdings in Brookfield Infrastructure by 34.0% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after acquiring an additional 460 shares during the period. 70.38% of the stock is owned by institutional investors.
Brookfield Infrastructure Stock Performance
NASDAQ BIPC traded up $0.53 on Wednesday, hitting $38.57. The stock had a trading volume of 136,348 shares, compared to its average volume of 521,509. The firm has a 50-day moving average of $36.13 and a 200-day moving average of $39.67. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 26.78 and a beta of 1.38. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $45.29.
Brookfield Infrastructure Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio is 119.44%.
About Brookfield Infrastructure
(
Free Report)
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.
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