Brookfield Infrastructure Co. (NASDAQ:BIPC) Stake Lessened by Legal & General Group Plc

Legal & General Group Plc lowered its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 361,431 shares of the company's stock after selling 18,779 shares during the period. Legal & General Group Plc owned about 0.30% of Brookfield Infrastructure worth $14,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BIPC. J.Safra Asset Management Corp grew its position 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 worth $31,000 after buying an additional 274 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Brookfield Infrastructure by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock worth $202,000 after purchasing an additional 312 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Brookfield Infrastructure by 5.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company's stock worth $294,000 after purchasing an additional 367 shares during the last quarter. Allworth Financial LP grew its stake 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 in the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its stake in Brookfield Infrastructure by 34.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock valued at $73,000 after buying an additional 460 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Down 1.3 %

BIPC traded down $0.44 on Monday, hitting $34.79. 57,600 shares of the company's stock were exchanged, compared to its average volume of 523,724. Brookfield Infrastructure Co. has a twelve month low of $29.30 and a twelve month high of $45.29. The stock has a fifty day moving average of $37.30 and a two-hundred day moving average of $40.11. The firm has a market cap of $4.14 billion, a PE ratio of 24.18 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.43 dividend. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.94%. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 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.