Intact Investment Management Inc. lowered its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,700 shares of the company's stock after selling 9,300 shares during the quarter. Intact Investment Management Inc. owned about 0.07% of Brookfield Infrastructure worth $2,951,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. J.Safra Asset Management Corp lifted its position in Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after buying an additional 274 shares in the last quarter. First PREMIER Bank bought a new stake in shares of Brookfield Infrastructure during the first quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its position in Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock valued at $44,000 after buying an additional 758 shares during the last quarter. Transce3nd LLC acquired a new stake in Brookfield Infrastructure in the fourth quarter worth about $46,000. Finally, Allworth Financial LP increased 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 purchasing an additional 396 shares during the period. Institutional investors own 70.38% of the company's stock.
Brookfield Infrastructure Price Performance
Shares of NASDAQ BIPC traded down $0.63 during mid-day trading on Wednesday, hitting $40.94. The company's stock had a trading volume of 385,014 shares, compared to its average volume of 547,363. Brookfield Infrastructure Co. has a one year low of $32.08 and a one year high of $45.29. The company's fifty day simple moving average is $38.98 and its 200-day simple moving average is $38.88. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 28.43 and a beta of 1.38.
Brookfield Infrastructure Dividend Announcement
The firm also recently announced 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. This represents a $1.72 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Friday, May 30th. 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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