Focus Partners Wealth Has $19.13 Million Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Focus Partners Wealth trimmed its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 31.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 477,892 shares of the company's stock after selling 214,520 shares during the period. Focus Partners Wealth owned about 0.40% of Brookfield Infrastructure worth $19,125,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in Brookfield Infrastructure by 217.8% during the fourth 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. Townsquare Capital LLC boosted its holdings in Brookfield Infrastructure by 20.4% during the fourth quarter. Townsquare Capital LLC now owns 11,053 shares of the company's stock worth $442,000 after buying an additional 1,870 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Brookfield Infrastructure by 5.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company's stock worth $1,531,000 after purchasing an additional 1,906 shares during the period. Van ECK Associates Corp boosted its stake in Brookfield Infrastructure by 315.1% in the 4th quarter. Van ECK Associates Corp now owns 136,903 shares of the company's stock worth $5,490,000 after purchasing an additional 103,920 shares during the period. Finally, Hamilton Point Investment Advisors LLC boosted its stake in Brookfield Infrastructure by 7.7% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 109,563 shares of the company's stock worth $4,384,000 after purchasing an additional 7,880 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock traded up $0.49 during midday trading on Friday, reaching $39.40. The stock had a trading volume of 1,135,801 shares, compared to its average volume of 536,847. The firm's fifty day simple moving average is $36.30 and its two-hundred day simple moving average is $39.43. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 27.36 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's dividend payout ratio is 119.44%.

About Brookfield Infrastructure

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.