Occudo Quantitative Strategies LP Sells 9,691 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Occudo Quantitative Strategies LP cut its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,815 shares of the company's stock after selling 9,691 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Brookfield Infrastructure were worth $1,073,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Barclays PLC grew its position in shares of Brookfield Infrastructure by 234.0% in the third quarter. Barclays PLC now owns 198,571 shares of the company's stock valued at $8,622,000 after purchasing an additional 139,112 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its position in shares of Brookfield Infrastructure by 3.3% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 273,706 shares of the company's stock valued at $10,951,000 after purchasing an additional 8,782 shares in the last quarter. Procyon Advisors LLC grew its stake in Brookfield Infrastructure by 12.0% in the fourth quarter. Procyon Advisors LLC now owns 30,178 shares of the company's stock worth $1,207,000 after purchasing an additional 3,228 shares in the last quarter. Addenda Capital Inc. grew its stake in Brookfield Infrastructure by 120.2% in the fourth quarter. Addenda Capital Inc. now owns 13,870 shares of the company's stock worth $555,000 after purchasing an additional 7,570 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Brookfield Infrastructure by 31.6% in the fourth quarter. SG Americas Securities LLC now owns 48,414 shares of the company's stock valued at $1,937,000 after acquiring an additional 11,614 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of NASDAQ BIPC traded up $0.32 during midday trading on Monday, hitting $39.76. 100,163 shares of the company's stock were exchanged, compared to its average volume of 535,142. The stock's 50 day moving average price is $36.30 and its 200-day moving average price is $39.41. The firm has a market cap of $4.73 billion, a P/E ratio of 27.66 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.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure's payout ratio 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.