Caisse DE Depot ET Placement DU Quebec trimmed its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,597,256 shares of the company's stock after selling 105,444 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 1.21% of Brookfield Infrastructure worth $69,438,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lazard Asset Management LLC bought a new stake in shares of Brookfield Infrastructure in the 1st quarter valued at about $73,000. Nisa Investment Advisors LLC increased its stake in shares of Brookfield Infrastructure by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company's stock worth $93,000 after acquiring an additional 288 shares during the period. CWM LLC increased its stake in shares of Brookfield Infrastructure by 10.7% in the second quarter. CWM LLC now owns 3,148 shares of the company's stock worth $106,000 after acquiring an additional 305 shares during the period. Covestor Ltd boosted its holdings in Brookfield Infrastructure by 64.0% during 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 in the last quarter. Finally, Toth Financial Advisory Corp boosted its holdings in 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 buying an additional 1,900 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.
Brookfield Infrastructure Trading Down 0.1 %
BIPC traded down $0.03 during midday trading on Friday, hitting $44.89. 270,996 shares of the company traded hands, compared to its average volume of 503,847. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 31.17 and a beta of 1.45. The business has a 50 day simple moving average of $42.89 and a two-hundred day simple moving average of $39.06.
Brookfield Infrastructure Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 3.61%. Brookfield Infrastructure's payout ratio is currently 112.50%.
Brookfield Infrastructure Company Profile
(
Free Report)
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.
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