MADDEN SECURITIES Corp reduced its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 26.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,477 shares of the company's stock after selling 13,200 shares during the quarter. MADDEN SECURITIES Corp's holdings in Brookfield Infrastructure were worth $1,356,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. J.Safra Asset Management Corp boosted its stake in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after purchasing an additional 274 shares during the period. Jones Financial Companies Lllp lifted its holdings 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 buying an additional 758 shares in the last quarter. Transce3nd LLC acquired a new position in Brookfield Infrastructure in the 4th quarter worth $46,000. Allworth Financial LP boosted its position 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. Finally, Dunhill Financial LLC acquired a new stake in shares of Brookfield Infrastructure during the fourth quarter valued at about $69,000. Institutional investors and hedge funds own 70.38% of the company's stock.
Brookfield Infrastructure Stock Performance
Shares of NASDAQ BIPC traded down $0.01 during midday trading on Tuesday, reaching $41.13. 443,712 shares of the company's stock were exchanged, compared to its average volume of 549,195. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $45.29. The business's fifty day moving average price is $37.54 and its two-hundred day moving average price is $39.08. The stock has a market capitalization of $4.90 billion, a PE ratio of 28.56 and a beta of 1.38.
Brookfield Infrastructure Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.18%. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.
About Brookfield Infrastructure
(
Free Report)
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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