SG Americas Securities LLC reduced its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 26.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,553 shares of the company's stock after selling 12,861 shares during the quarter. SG Americas Securities LLC's holdings in Brookfield Infrastructure were worth $1,287,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Brookfield Infrastructure during the fourth quarter valued at $60,137,000. HighTower Advisors LLC increased its position in Brookfield Infrastructure by 1,684.0% during the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock valued at $29,671,000 after purchasing an additional 700,108 shares during the period. Principal Financial Group Inc. increased its position in Brookfield Infrastructure by 13.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company's stock valued at $124,423,000 after purchasing an additional 376,254 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Brookfield Infrastructure by 61.9% in the 4th quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company's stock valued at $23,552,000 after purchasing an additional 225,143 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Brookfield Infrastructure by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock worth $228,128,000 after purchasing an additional 187,719 shares during the period. 70.38% of the stock is owned by institutional investors.
Brookfield Infrastructure Stock Up 0.8%
BIPC stock traded up $0.32 during trading on Friday, hitting $40.82. 350,788 shares of the company's stock traded hands, compared to its average volume of 669,555. The firm has a market capitalization of $4.86 billion, a P/E ratio of 28.35 and a beta of 1.38. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29. The business has a fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $38.96.
Brookfield Infrastructure Dividend Announcement
The business 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 $0.43 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.21%. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.
Brookfield Infrastructure Company Profile
(
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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