Swiss National Bank Sells 1,600 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Swiss National Bank decreased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.7% in the third quarter, HoldingsChannel reports. The fund owned 233,477 shares of the company’s stock after selling 1,600 shares during the quarter. Swiss National Bank’s holdings in Brookfield Infrastructure were worth $10,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Brookfield Infrastructure by 5.6% during the first quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock valued at $189,844,000 after purchasing an additional 279,676 shares during the period. Lazard Asset Management LLC bought a new position in shares of Brookfield Infrastructure during the 1st quarter valued at approximately $73,000. Price T Rowe Associates Inc. MD increased its holdings in Brookfield Infrastructure by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,225 shares of the company’s stock worth $1,234,000 after acquiring an additional 4,361 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in Brookfield Infrastructure during the first quarter valued at approximately $68,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in Brookfield Infrastructure by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after purchasing an additional 16,132 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

Shares of BIPC stock opened at $44.14 on Monday. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $44.54. The stock has a fifty day simple moving average of $42.61 and a two-hundred day simple moving average of $38.70. The firm has a market capitalization of $5.83 billion, a PE ratio of 30.65 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 issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 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.