Jane Street Group LLC Trims Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Jane Street Group LLC trimmed its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 32.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,020 shares of the company's stock after selling 59,584 shares during the quarter. Jane Street Group LLC owned about 0.09% of Brookfield Infrastructure worth $5,386,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BIPC. Nisa Investment Advisors LLC grew its holdings in Brookfield Infrastructure by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company's stock valued at $93,000 after purchasing an additional 288 shares during the period. Xponance Inc. boosted its stake in shares of Brookfield Infrastructure by 4.4% in the second quarter. Xponance Inc. now owns 7,614 shares of the company's stock worth $256,000 after acquiring an additional 322 shares during the last quarter. Signaturefd LLC lifted its position in Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company's stock worth $177,000 after buying an additional 363 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Brookfield Infrastructure by 1.0% during the third quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company's stock worth $1,579,000 after buying an additional 364 shares in the last quarter. Finally, Hedeker Wealth LLC lifted its position in Brookfield Infrastructure by 4.6% during the third quarter. Hedeker Wealth LLC now owns 9,533 shares of the company's stock worth $414,000 after buying an additional 423 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock traded down $0.50 during trading on Tuesday, reaching $39.36. 529,242 shares of the company were exchanged, compared to its average volume of 497,116. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The company has a market capitalization of $5.20 billion, a P/E ratio of 27.33 and a beta of 1.45. The stock's 50 day simple moving average is $42.86 and its two-hundred day simple moving average is $39.67.

Brookfield Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.12%. Brookfield Infrastructure's dividend payout ratio is currently 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.