UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 10.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 131,804 shares of the company's stock after selling 15,329 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Brookfield Infrastructure worth $5,724,000 at the end of the most recent reporting period.

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

Brookfield Infrastructure Stock Down 0.9 %

BIPC traded down $0.38 during trading hours on Wednesday, reaching $42.14. 389,577 shares of the company's stock traded hands, compared to its average volume of 498,532. The firm has a 50-day moving average price of $42.96 and a 200 day moving average price of $39.46. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The firm has a market capitalization of $5.56 billion, a PE ratio of 29.32 and a beta of 1.45.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 3.84%. Brookfield Infrastructure's dividend payout ratio (DPR) is 112.50%.

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.