State Street Corp decreased its position in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,991,688 shares of the company's stock after selling 13,586 shares during the period. State Street Corp owned 1.51% of Brookfield Infrastructure worth $86,499,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its position in Brookfield Infrastructure by 4.4% in the 3rd quarter. Stifel Financial Corp now owns 151,703 shares of the company's stock valued at $6,589,000 after acquiring an additional 6,417 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Brookfield Infrastructure in the third quarter valued at $229,000. HighTower Advisors LLC increased its holdings in shares of Brookfield Infrastructure by 240.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,574 shares of the company's stock valued at $1,807,000 after acquiring an additional 29,363 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in Brookfield Infrastructure by 24.5% during the third quarter. Hilltop Holdings Inc. now owns 12,566 shares of the company's stock worth $546,000 after purchasing an additional 2,475 shares in the last quarter. Finally, ClearAlpha Technologies LP acquired a new stake in Brookfield Infrastructure during the 3rd quarter worth $565,000. Institutional investors and hedge funds own 70.38% of the company's stock.
Brookfield Infrastructure Trading Down 1.3 %
Shares of NASDAQ BIPC traded down $0.50 during trading hours on Tuesday, reaching $39.36. The stock had a trading volume of 529,242 shares, compared to its average volume of 497,116. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The firm has a 50-day moving average of $42.90 and a 200-day moving average of $39.63. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 27.68 and a beta of 1.45.
Brookfield Infrastructure Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.12%. Brookfield Infrastructure's payout ratio is 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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