Epoch Investment Partners Inc. Reduces Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Epoch Investment Partners Inc. reduced its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,626,141 shares of the company's stock after selling 52,812 shares during the quarter. Epoch Investment Partners Inc. owned 1.37% of Brookfield Infrastructure worth $65,062,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. J.Safra Asset Management Corp grew its stake in shares of Brookfield Infrastructure by 55.0% in the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after acquiring an additional 274 shares in the last quarter. Jones Financial Companies Lllp grew its position in Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after purchasing an additional 758 shares in the last quarter. Allworth Financial LP increased its stake in Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after buying an additional 396 shares during the last quarter. Morgan Dempsey Capital Management LLC lifted its position in shares of 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 buying an additional 460 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Brookfield Infrastructure by 343.4% in the 4th quarter. NewEdge Advisors LLC now owns 2,656 shares of the company's stock worth $106,000 after buying an additional 2,057 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Up 0.3 %

Brookfield Infrastructure stock traded up $0.10 during mid-day trading on Friday, reaching $36.34. 132,679 shares of the company's stock were exchanged, compared to its average volume of 524,232. The firm has a market capitalization of $4.33 billion, a PE ratio of 25.24 and a beta of 1.48. The business's fifty day simple moving average is $36.85 and its 200 day simple moving average is $39.96. Brookfield Infrastructure Co. has a one year low of $29.30 and a one year high of $45.29.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 4.73%. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.

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.