Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,786,607 shares of the company's stock after selling 740,513 shares during the period. Bank of Montreal Can owned approximately 2.87% of Brookfield Infrastructure worth $164,357,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new stake in Brookfield Infrastructure in the 1st quarter valued at $68,000. Lazard Asset Management LLC acquired a new stake in Brookfield Infrastructure in the 1st quarter valued at $73,000. Nisa Investment Advisors LLC increased its holdings in Brookfield Infrastructure by 11.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company's stock valued at $93,000 after purchasing an additional 288 shares in the last quarter. CWM LLC increased its holdings in Brookfield Infrastructure by 10.7% in the 2nd quarter. CWM LLC now owns 3,148 shares of the company's stock valued at $106,000 after purchasing an additional 305 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Brookfield Infrastructure by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company's stock valued at $148,000 after purchasing an additional 1,329 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

NASDAQ BIPC traded down $0.48 during trading hours on Tuesday, hitting $44.35. The company had a trading volume of 320,134 shares, compared to its average volume of 505,458. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.04. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 30.80 and a beta of 1.45. The firm's 50 day moving average is $42.72 and its 200 day moving average is $38.84.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.405 per share. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 3.65%. Brookfield Infrastructure's dividend payout ratio is presently 112.50%.

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.