Cubist Systematic Strategies LLC Decreases Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Cubist Systematic Strategies LLC lowered its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 51.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,995 shares of the company's stock after selling 10,511 shares during the period. Cubist Systematic Strategies LLC's holdings in Brookfield Infrastructure were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in Brookfield Infrastructure by 217.8% during 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. Townsquare Capital LLC boosted its holdings in Brookfield Infrastructure by 20.4% during the fourth quarter. Townsquare Capital LLC now owns 11,053 shares of the company's stock worth $442,000 after buying an additional 1,870 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Brookfield Infrastructure by 5.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company's stock worth $1,531,000 after buying an additional 1,906 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Brookfield Infrastructure by 315.1% during the fourth quarter. Van ECK Associates Corp now owns 136,903 shares of the company's stock worth $5,490,000 after buying an additional 103,920 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC boosted its holdings in Brookfield Infrastructure by 7.7% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 109,563 shares of the company's stock worth $4,384,000 after buying an additional 7,880 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%

BIPC stock opened at $39.40 on Friday. The company has a market cap of $4.69 billion, a P/E ratio of 27.36 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. The company's 50-day moving average price is $36.30 and its 200 day moving average price is $39.45.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 119.44%.

Brookfield Infrastructure Company 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.

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