Harbor Advisory Corp MA Trims Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Harbor Advisory Corp MA cut its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,506 shares of the company's stock after selling 8,425 shares during the period. Harbor Advisory Corp MA's holdings in Brookfield Infrastructure were worth $860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company's stock worth $540,840,000 after acquiring an additional 673,427 shares during the period. Pathway Financial Advisers LLC increased its stake in Brookfield Infrastructure by 11,621.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company's stock valued at $9,662,000 after purchasing an additional 220,581 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Brookfield Infrastructure by 18.3% in the 4th quarter. Cibc World Market Inc. now owns 933,865 shares of the company's stock worth $37,364,000 after acquiring an additional 144,188 shares during the last quarter. Barclays PLC lifted its holdings in shares of Brookfield Infrastructure by 234.0% in the third quarter. Barclays PLC now owns 198,571 shares of the company's stock valued at $8,622,000 after purchasing an additional 139,112 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Brookfield Infrastructure by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company's stock valued at $15,787,000 after acquiring an additional 116,256 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Brookfield Infrastructure Stock Down 1.8 %

Brookfield Infrastructure stock traded down $0.74 during midday trading on Friday, hitting $41.27. 592,371 shares of the stock were exchanged, compared to its average volume of 492,476. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The business's 50-day moving average price is $40.30 and its 200-day moving average price is $41.10. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 28.66 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's dividend payout ratio is 119.44%.

About Brookfield Infrastructure

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.