Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,273,742 shares of the company's stock after selling 37,838 shares during the quarter. Brookfield Infrastructure comprises 1.3% of Confluence Investment Management LLC's investment portfolio, making the stock its 27th biggest position. Confluence Investment Management LLC owned about 1.72% of Brookfield Infrastructure worth $98,749,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Clearbridge Investments LLC purchased a new position in shares of Brookfield Infrastructure during the 2nd quarter worth $12,632,000. Wulff Hansen & CO. raised its stake in Brookfield Infrastructure by 2,158.9% during the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company's stock worth $10,357,000 after purchasing an additional 294,065 shares during the period. Vanguard Group Inc. boosted its holdings in Brookfield Infrastructure by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company's stock valued at $189,844,000 after purchasing an additional 279,676 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Brookfield Infrastructure by 9.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company's stock valued at $96,704,000 after buying an additional 236,355 shares during the period. Finally, Pathway Financial Advisers LLC increased its holdings in shares of Brookfield Infrastructure by 11,621.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company's stock worth $9,662,000 after buying an additional 220,581 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

BIPC traded up $0.20 during trading hours on Friday, reaching $42.80. The company's stock had a trading volume of 335,903 shares, compared to its average volume of 507,414. The stock has a market cap of $5.65 billion, a PE ratio of 29.78 and a beta of 1.45. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $44.26. The business's 50-day moving average is $41.97 and its 200-day moving average is $37.76.

Brookfield Infrastructure Announces Dividend

The firm also recently declared 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. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure's dividend payout ratio is presently 112.50%.

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.