Royal Bank of Canada reduced its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,431,162 shares of the company's stock after selling 175,500 shares during the quarter. Royal Bank of Canada owned 2.88% of Brookfield Infrastructure worth $137,280,000 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 raised its position in Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after acquiring an additional 274 shares during the period. Jones Financial Companies Lllp raised its position in Brookfield Infrastructure by 217.8% in the fourth 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 period. Transce3nd LLC bought a new stake in Brookfield Infrastructure in the fourth quarter worth about $46,000. Allworth Financial LP raised its position in Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after acquiring an additional 396 shares during the period. Finally, Dunhill Financial LLC bought a new stake in Brookfield Infrastructure in the fourth quarter worth about $69,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Infrastructure Stock Performance
BIPC stock traded up $0.42 during mid-day trading on Friday, hitting $39.50. The company had a trading volume of 736,991 shares, compared to its average volume of 533,402. The firm has a market cap of $4.70 billion, a PE ratio of 27.43 and a beta of 1.38. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $45.29. The stock's fifty day moving average price is $36.72 and its two-hundred day moving average price is $39.38.
Brookfield Infrastructure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 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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