Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 22.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,019 shares of the company's stock after selling 50,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Brookfield Infrastructure worth $7,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC purchased a new position in shares of Brookfield Infrastructure during the 1st quarter valued at about $68,000. Lazard Asset Management LLC acquired a new stake in Brookfield Infrastructure during the first quarter worth about $73,000. Nisa Investment Advisors LLC raised its position in Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company's stock valued at $93,000 after acquiring an additional 288 shares in the last quarter. CWM LLC lifted its holdings in Brookfield Infrastructure by 10.7% in the second quarter. CWM LLC now owns 3,148 shares of the company's stock valued at $106,000 after acquiring an additional 305 shares during the period. Finally, Gryphon Financial Partners LLC acquired a new stake in shares of Brookfield Infrastructure during the 2nd quarter worth approximately $136,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Infrastructure Stock Down 0.2 %
Shares of NASDAQ:BIPC traded down $0.07 during trading on Friday, hitting $44.14. 399,504 shares of the stock traded hands, compared to its average volume of 506,322. The company has a fifty day moving average price of $42.61 and a two-hundred day moving average price of $38.67. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $44.54. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 30.65 and a beta of 1.45.
Brookfield Infrastructure Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 3.67%. Brookfield Infrastructure's payout ratio is 112.50%.
Brookfield Infrastructure 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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