Copeland Capital Management LLC Lowers Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Copeland Capital Management LLC lessened its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,066,002 shares of the company's stock after selling 15,875 shares during the period. Brookfield Infrastructure comprises 1.5% of Copeland Capital Management LLC's holdings, making the stock its 12th largest holding. Copeland Capital Management LLC owned 1.74% of Brookfield Infrastructure worth $82,661,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company's stock worth $540,840,000 after acquiring an additional 673,427 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of Brookfield Infrastructure by 18.3% during the 4th quarter. Cibc World Market Inc. now owns 933,865 shares of the company's stock valued at $37,364,000 after purchasing an additional 144,188 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Brookfield Infrastructure by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company's stock valued at $27,314,000 after purchasing an additional 8,891 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in Brookfield Infrastructure in the second quarter valued at approximately $12,632,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock worth $15,787,000 after buying an additional 116,256 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Price Performance

BIPC stock traded up $0.45 during midday trading on Wednesday, reaching $42.23. 180,677 shares of the stock were exchanged, compared to its average volume of 487,512. The stock has a market capitalization of $5.03 billion, a PE ratio of 29.33 and a beta of 1.47. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The company has a fifty day moving average price of $40.75 and a 200 day moving average price of $40.97.

Brookfield Infrastructure Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.07%. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio is currently 119.44%.

Brookfield Infrastructure 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.