Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 10.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 81,700 shares of the company's stock after selling 9,300 shares during the quarter. Intact Investment Management Inc. owned approximately 0.07% of Brookfield Infrastructure worth $2,951,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. First PREMIER Bank acquired a new position in shares of Brookfield Infrastructure during the first quarter valued at $30,000. J.Safra Asset Management Corp increased its holdings 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 valued at $31,000 after purchasing an additional 274 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of 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. Transce3nd LLC acquired a new position in shares of Brookfield Infrastructure during the fourth quarter valued at $46,000. Finally, Fifth Third Bancorp increased its holdings in shares of Brookfield Infrastructure by 79.1% during the first quarter. Fifth Third Bancorp now owns 1,501 shares of the company's stock valued at $54,000 after purchasing an additional 663 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Price Performance

Shares of BIPC traded up $0.24 during trading hours on Friday, reaching $40.74. 621,916 shares of the company's stock traded hands, compared to its average volume of 548,515. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 28.29 and a beta of 1.38. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The business's fifty day simple moving average is $38.74 and its two-hundred day simple moving average is $38.87.

Brookfield Infrastructure Announces Dividend

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 issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, May 30th. 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.