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

National Bank of Canada FI reduced its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 907,647 shares of the company's stock after selling 206,907 shares during the period. National Bank of Canada FI owned about 0.76% of Brookfield Infrastructure worth $36,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BIPC. J.Safra Asset Management Corp boosted its position in Brookfield Infrastructure by 55.0% in the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company's stock worth $31,000 after purchasing an additional 274 shares in the last quarter. Jones Financial Companies Lllp grew its position in Brookfield Infrastructure by 217.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock valued at $44,000 after buying an additional 758 shares during the period. Allworth Financial LP increased its holdings in Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company's stock valued at $55,000 after buying an additional 396 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its position in shares of Brookfield Infrastructure by 34.0% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock worth $73,000 after acquiring an additional 460 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company's stock worth $202,000 after acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

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Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock traded down $1.23 on Monday, hitting $33.31. The company's stock had a trading volume of 480,016 shares, compared to its average volume of 530,808. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 23.16 and a beta of 1.48. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29. The firm has a fifty day moving average price of $38.92 and a 200-day moving average price of $40.77.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.16%. This is an increase from Brookfield Infrastructure's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Infrastructure's dividend payout ratio is presently 119.44%.

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.