Russell Investments Group Ltd. Reduces Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Russell Investments Group Ltd. lessened its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,639 shares of the company's stock after selling 12,538 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Brookfield Infrastructure worth $4,148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp raised 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 valued at $31,000 after purchasing an additional 274 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Brookfield Infrastructure by 217.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company's stock worth $44,000 after buying an additional 758 shares during the period. Allworth Financial LP grew its holdings in shares of Brookfield Infrastructure by 42.9% during the fourth 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 last quarter. Morgan Dempsey Capital Management LLC raised its stake in Brookfield Infrastructure by 34.0% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company's stock valued at $73,000 after acquiring an additional 460 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in Brookfield Infrastructure during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

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

Brookfield Infrastructure Increases Dividend

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