LDR Capital Management LLC Sells 17,978 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

LDR Capital Management LLC lessened its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 39.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,271 shares of the company's stock after selling 17,978 shares during the quarter. Brookfield Infrastructure makes up 1.5% of LDR Capital Management LLC's portfolio, making the stock its 28th biggest position. LDR Capital Management LLC's holdings in Brookfield Infrastructure were worth $1,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BIPC. Allworth Financial LP lifted its stake in shares of Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after purchasing an additional 396 shares during the period. Covestor Ltd boosted its holdings in Brookfield Infrastructure by 64.0% in the third quarter. Covestor Ltd now owns 3,405 shares of the company's stock worth $148,000 after purchasing an additional 1,329 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Brookfield Infrastructure by 9.8% in the third quarter. Signaturefd LLC now owns 4,078 shares of the company's stock worth $177,000 after acquiring an additional 363 shares during the period. Janney Montgomery Scott LLC increased its position in Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock valued at $202,000 after acquiring an additional 312 shares during the last quarter. Finally, M&T Bank Corp bought a new position in Brookfield Infrastructure in the third quarter valued at about $204,000. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Down 1.4 %

NASDAQ:BIPC traded down $0.57 on Wednesday, hitting $40.45. The stock had a trading volume of 829,993 shares, compared to its average volume of 500,300. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 28.09 and a beta of 1.48. The business's 50-day simple moving average is $40.42 and its two-hundred day simple moving average is $41.38.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.25%. Brookfield Infrastructure's dividend payout ratio (DPR) 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.