Weil Company Inc. Sells 40,679 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Weil Company Inc. lowered its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 81.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,219 shares of the company's stock after selling 40,679 shares during the quarter. Weil Company Inc.'s holdings in Brookfield Infrastructure were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BIPC. BankPlus Trust Department bought a new stake in shares of Brookfield Infrastructure in the fourth quarter worth $1,054,000. Redmond Asset Management LLC grew its holdings in shares of Brookfield Infrastructure by 2.7% in the fourth quarter. Redmond Asset Management LLC now owns 49,679 shares of the company's stock worth $1,988,000 after acquiring an additional 1,319 shares during the period. Ipswich Investment Management Co. Inc. grew its holdings in shares of Brookfield Infrastructure by 1.3% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 88,850 shares of the company's stock worth $3,555,000 after acquiring an additional 1,149 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Brookfield Infrastructure by 26.2% in the fourth quarter. CIBC Asset Management Inc now owns 398,141 shares of the company's stock worth $16,123,000 after acquiring an additional 82,548 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in shares of Brookfield Infrastructure by 52.9% in the fourth quarter. Sanctuary Advisors LLC now owns 9,061 shares of the company's stock worth $381,000 after acquiring an additional 3,135 shares during the period. Hedge funds and other institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Price Performance

Shares of BIPC traded down $0.18 during trading hours on Friday, hitting $40.00. The stock had a trading volume of 837,879 shares, compared to its average volume of 501,601. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The firm has a market capitalization of $4.76 billion, a PE ratio of 27.78 and a beta of 1.48. The stock has a fifty day moving average price of $40.61 and a 200 day moving average price of $41.39.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure's previous quarterly dividend of $0.41. Brookfield Infrastructure's payout ratio is currently 119.44%.

Brookfield Infrastructure Company 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.