Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 12.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,114,554 shares of the company's stock after selling 158,204 shares during the period. National Bank of Canada FI owned approximately 0.84% of Brookfield Infrastructure worth $48,405,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Brookfield Infrastructure by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company's stock worth $93,000 after acquiring an additional 288 shares during the period. CWM LLC increased its stake in Brookfield Infrastructure by 10.7% during the second quarter. CWM LLC now owns 3,148 shares of the company's stock worth $106,000 after acquiring an additional 305 shares during the last quarter. Covestor Ltd increased its position in Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company's stock valued at $148,000 after acquiring an additional 1,329 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in Brookfield Infrastructure by 111.6% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company's stock valued at $156,000 after acquiring an additional 1,900 shares during the period. Finally, Gryphon Financial Partners LLC bought a new position in Brookfield Infrastructure in the 2nd quarter worth about $136,000. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock traded down $0.24 during trading hours on Monday, reaching $42.56. The stock had a trading volume of 345,554 shares, compared to its average volume of 499,697. 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 $42.98 and its 200-day moving average price is $39.36. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 29.59 and a beta of 1.45.

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 paid a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 3.81%. Brookfield Infrastructure's dividend payout ratio (DPR) is 112.50%.

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.