The Manufacturers Life Insurance Company Sells 33,239 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

The Manufacturers Life Insurance Company lowered its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 17.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,517 shares of the company's stock after selling 33,239 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.12% of Brookfield Infrastructure worth $6,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in Brookfield Infrastructure by 3.9% during the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company's stock valued at $153,880,000 after buying an additional 169,892 shares during the period. Principal Financial Group Inc. increased its holdings 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 worth $96,704,000 after buying an additional 236,355 shares in the last quarter. Copeland Capital Management LLC increased its holdings in Brookfield Infrastructure by 1.2% in the 3rd quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company's stock worth $90,416,000 after buying an additional 23,882 shares in the last quarter. National Bank of Canada FI increased its holdings in Brookfield Infrastructure by 2.7% in the 2nd quarter. National Bank of Canada FI now owns 1,272,758 shares of the company's stock worth $41,935,000 after buying an additional 33,541 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Brookfield Infrastructure by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company's stock worth $27,314,000 after buying an additional 8,891 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC traded down $0.09 during trading hours on Thursday, hitting $43.56. The company's stock had a trading volume of 263,245 shares, compared to its average volume of 500,930. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The company's 50 day simple moving average is $43.00 and its two-hundred day simple moving average is $39.25. The company has a market cap of $5.75 billion, a P/E ratio of 30.25 and a beta of 1.45.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 annualized dividend and a yield of 3.72%. Brookfield Infrastructure's payout ratio 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.