Brookfield Infrastructure Co. (NASDAQ:BIPC) Holdings Lowered by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,198 shares of the company's stock after selling 6,560 shares during the quarter. Ameriprise Financial Inc. owned about 0.15% of Brookfield Infrastructure worth $6,930,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Brookfield Infrastructure during the 4th quarter worth about $60,137,000. HighTower Advisors LLC increased its holdings in Brookfield Infrastructure by 1,684.0% during the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock worth $29,671,000 after purchasing an additional 700,108 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Brookfield Infrastructure by 13.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock worth $124,423,000 after purchasing an additional 376,254 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Brookfield Infrastructure by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company's stock worth $23,552,000 after purchasing an additional 225,143 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Brookfield Infrastructure by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock valued at $228,128,000 after acquiring an additional 187,719 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Trading Up 1.1%

BIPC traded up $0.42 during trading on Friday, reaching $39.50. 736,991 shares of the company were exchanged, compared to its average volume of 533,746. The stock has a market cap of $4.70 billion, a P/E ratio of 27.43 and a beta of 1.38. The firm has a 50 day moving average of $36.72 and a 200 day moving average of $39.35. 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.35%. Brookfield Infrastructure's dividend payout ratio (DPR) is presently 119.44%.

About Brookfield Infrastructure

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.