Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,664 shares of the company's stock after selling 20,355 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Brookfield Infrastructure worth $5,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC lifted its holdings in Brookfield Infrastructure by 6.8% during the fourth quarter. Truvestments Capital LLC now owns 76,855 shares of the company's stock valued at $3,075,000 after purchasing an additional 4,917 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Brookfield Infrastructure by 1,684.0% during the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company's stock valued at $29,671,000 after purchasing an additional 700,108 shares in the last quarter. Carmel Capital Partners LLC lifted its stake in shares of Brookfield Infrastructure by 5.2% in the fourth quarter. Carmel Capital Partners LLC now owns 33,007 shares of the company's stock worth $1,321,000 after buying an additional 1,641 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Brookfield Infrastructure by 32.8% in the fourth quarter. Atria Investments Inc now owns 21,038 shares of the company's stock worth $842,000 after buying an additional 5,200 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after buying an additional 274 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

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Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC traded up $0.55 during midday trading on Wednesday, hitting $36.07. The company's stock had a trading volume of 777,015 shares, compared to its average volume of 519,151. The business's 50 day simple moving average is $39.96 and its 200 day simple moving average is $41.17. The company has a market cap of $4.29 billion, a P/E ratio of 25.05 and a beta of 1.48. Brookfield Infrastructure Co. has a 12-month low of $28.47 and a 12-month high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm 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 is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 119.44%.

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.