Copeland Capital Management LLC Sells 37,223 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Copeland Capital Management LLC cut its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,028,779 shares of the company's stock after selling 37,223 shares during the period. Brookfield Infrastructure accounts for approximately 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 16th largest holding. Copeland Capital Management LLC owned approximately 1.70% of Brookfield Infrastructure worth $73,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake 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 acquiring an additional 758 shares during the last quarter. Townsquare Capital LLC lifted its position in Brookfield Infrastructure by 20.4% during the fourth quarter. Townsquare Capital LLC now owns 11,053 shares of the company's stock valued at $442,000 after purchasing an additional 1,870 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Brookfield Infrastructure by 5.2% in the 4th 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. GAMMA Investing LLC purchased a new position in Brookfield Infrastructure in the 1st quarter worth approximately $660,000. 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 worth $228,128,000 after buying an additional 187,719 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Up 1.0%

Shares of NASDAQ BIPC traded up $0.42 during trading hours on Tuesday, reaching $42.02. 517,710 shares of the stock traded hands, compared to its average volume of 547,918. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $45.29. The company's 50-day simple moving average is $39.48 and its two-hundred day simple moving average is $38.85. The company has a market capitalization of $5.00 billion, a P/E ratio of 29.18 and a beta of 1.38.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.09%. Brookfield Infrastructure's dividend payout ratio (DPR) is 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.