MetLife Investment Management LLC lessened its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 45.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,946 shares of the company's stock after selling 31,209 shares during the period. MetLife Investment Management LLC's holdings in Brookfield Infrastructure were worth $1,648,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Brookfield Infrastructure by 5.7% during the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company's stock valued at $540,840,000 after purchasing an additional 673,427 shares in the last quarter. Clearbridge Investments LLC bought a new stake in shares of Brookfield Infrastructure during the second quarter worth $12,632,000. Wulff Hansen & CO. raised its holdings in shares of Brookfield Infrastructure by 2,158.9% during the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company's stock worth $10,357,000 after acquiring an additional 294,065 shares during the period. Principal Financial Group Inc. lifted its position in Brookfield Infrastructure by 9.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company's stock valued at $96,704,000 after acquiring an additional 236,355 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its stake in Brookfield Infrastructure by 11,621.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company's stock worth $9,662,000 after purchasing an additional 220,581 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Infrastructure Price Performance
Shares of BIPC traded down $0.76 during midday trading on Friday, hitting $42.80. The stock had a trading volume of 362,761 shares, compared to its average volume of 500,344. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 29.72 and a beta of 1.45. The company has a 50 day simple moving average of $43.00 and a two-hundred day simple moving average of $39.25. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29.
Brookfield Infrastructure Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure's dividend payout ratio is presently 112.50%.
About Brookfield Infrastructure
(
Free Report)
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.
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