Financial Perspectives Inc Sells 16,521 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Financial Perspectives Inc lessened its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 56.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,846 shares of the company's stock after selling 16,521 shares during the quarter. Financial Perspectives Inc's holdings in Brookfield Infrastructure were worth $514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock worth $55,000 after acquiring an additional 396 shares during the period. Covestor Ltd boosted its stake in Brookfield Infrastructure by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company's stock valued at $148,000 after purchasing an additional 1,329 shares during the period. Toth Financial Advisory Corp grew its holdings in Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company's stock valued at $156,000 after buying an additional 1,900 shares in the last quarter. Signaturefd LLC grew its holdings in Brookfield Infrastructure by 9.8% in the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company's stock valued at $177,000 after buying an additional 363 shares in the last quarter. Finally, M&T Bank Corp bought a new position in Brookfield Infrastructure during the 3rd quarter worth $204,000. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Down 0.7 %

Shares of Brookfield Infrastructure stock traded down $0.31 during trading on Friday, reaching $42.34. The company's stock had a trading volume of 515,887 shares, compared to its average volume of 511,023. The business's 50-day moving average price is $40.34 and its 200-day moving average price is $41.25. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The firm has a market cap of $5.04 billion, a PE ratio of 29.40 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio is presently 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.