SG Americas Securities LLC Sells 36,000 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

SG Americas Securities LLC trimmed its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 74.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,285 shares of the company's stock after selling 36,000 shares during the quarter. SG Americas Securities LLC's holdings in Brookfield Infrastructure were worth $433,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Brookfield Infrastructure by 22.9% during the third quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company's stock worth $172,754,000 after acquiring an additional 911,454 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Brookfield Infrastructure by 18.3% during the third quarter. Raymond James & Associates now owns 162,986 shares of the company's stock worth $5,760,000 after purchasing an additional 25,244 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Brookfield Infrastructure by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 228,036 shares of the company's stock worth $8,059,000 after purchasing an additional 1,107 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of Brookfield Infrastructure during the third quarter worth $757,000. Finally, FMR LLC grew its holdings in shares of Brookfield Infrastructure by 0.9% during the third quarter. FMR LLC now owns 10,107,345 shares of the company's stock worth $357,194,000 after purchasing an additional 93,628 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of BIPC stock traded up $0.65 during trading hours on Friday, hitting $33.67. 586,442 shares of the company's stock were exchanged, compared to its average volume of 509,366. The stock's 50-day moving average is $34.95 and its 200-day moving average is $33.65. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 23.38 and a beta of 1.38. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $48.23.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Wednesday, February 28th. This is a boost from Brookfield Infrastructure's previous quarterly dividend of $0.38. Brookfield Infrastructure's dividend payout ratio is presently 112.50%.

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.