Copeland Capital Management LLC Has $73.42 Million Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Copeland Capital Management LLC trimmed its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,028,779 shares of the company's stock after selling 37,223 shares during the quarter. Brookfield Infrastructure comprises 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 16th biggest holding. Copeland Capital Management LLC owned about 1.70% of Brookfield Infrastructure worth $73,422,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. First PREMIER Bank acquired a new stake in shares of Brookfield Infrastructure during the first quarter worth $30,000. J.Safra Asset Management Corp grew its stake in shares of Brookfield Infrastructure by 55.0% during the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after purchasing an additional 274 shares during the period. Trust Co. of Vermont acquired a new position in Brookfield Infrastructure during the first quarter valued at approximately $34,000. Jones Financial Companies Lllp grew 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 valued at $44,000 after purchasing an additional 758 shares during the period. Finally, Transce3nd LLC bought a new stake in Brookfield Infrastructure in the fourth quarter valued at approximately $46,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Up 1.4%

Shares of BIPC stock traded up $0.57 on Friday, hitting $41.89. The stock had a trading volume of 997,148 shares, compared to its average volume of 546,271. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The company has a fifty day moving average price of $39.34 and a two-hundred day moving average price of $38.86. The firm has a market cap of $4.99 billion, a P/E ratio of 29.09 and a beta of 1.38.

Brookfield Infrastructure Dividend Announcement

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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.11%. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 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.