Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 361,431 shares of the company's stock after selling 18,779 shares during the period. Legal & General Group Plc owned about 0.30% of Brookfield Infrastructure worth $14,494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BIPC. J.Safra Asset Management Corp raised its stake in shares of Brookfield Infrastructure by 55.0% during the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock valued at $31,000 after acquiring an additional 274 shares in the last quarter. Jones Financial Companies Lllp raised its position in Brookfield Infrastructure by 217.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock valued at $44,000 after purchasing an additional 758 shares in the last quarter. Allworth Financial LP lifted its holdings 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 worth $55,000 after buying an additional 396 shares during the period. Morgan Dempsey Capital Management LLC grew its position in shares of Brookfield Infrastructure by 34.0% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after buying an additional 460 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Brookfield Infrastructure during the third quarter valued at $204,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Down 1.0 %

NASDAQ:BIPC traded down $0.37 during mid-day trading on Friday, reaching $35.16. The company's stock had a trading volume of 605,427 shares, compared to its average volume of 526,432. The firm has a market capitalization of $4.18 billion, a PE ratio of 24.41 and a beta of 1.48. The stock has a fifty day moving average of $37.30 and a 200-day moving average of $40.13. Brookfield Infrastructure Co. has a 1 year low of $29.30 and a 1 year high of $45.29.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.43 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.89%. Brookfield Infrastructure's dividend payout ratio (DPR) is currently 119.44%.

Brookfield Infrastructure 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.