Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC trimmed its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 97.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,104 shares of the company's stock after selling 217,375 shares during the period. Pathway Financial Advisers LLC's holdings in Brookfield Infrastructure were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in BIPC. Covestor Ltd raised its holdings in shares of Brookfield Infrastructure by 64.0% in the third quarter. Covestor Ltd now owns 3,405 shares of the company's stock worth $148,000 after buying an additional 1,329 shares during the last quarter. Toth Financial Advisory Corp raised its holdings in shares of Brookfield Infrastructure by 111.6% during the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company's stock worth $156,000 after purchasing an additional 1,900 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company's stock worth $177,000 after purchasing an additional 363 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock valued at $202,000 after buying an additional 312 shares during the period. Finally, M&T Bank Corp acquired a new stake in Brookfield Infrastructure during the third quarter valued at $204,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Down 1.8 %

Shares of NASDAQ BIPC traded down $0.74 during trading on Monday, hitting $41.27. The company had a trading volume of 592,371 shares, compared to its average volume of 492,476. The stock has a fifty day simple moving average of $40.27 and a two-hundred day simple moving average of $41.16. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 28.66 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure's 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.