Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Financial Perspectives Inc

Financial Perspectives Inc cut its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 56.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,846 shares of the company’s stock after selling 16,521 shares during the quarter. Financial Perspectives Inc’s holdings in Brookfield Infrastructure were worth $514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Brookfield Infrastructure by 42.9% in the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after buying an additional 396 shares during the period. Covestor Ltd raised its stake in Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after buying an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of Brookfield Infrastructure by 111.6% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after purchasing an additional 1,900 shares during the period. Signaturefd LLC raised its position in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after purchasing an additional 363 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Brookfield Infrastructure during the 3rd quarter worth approximately $204,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Up 3.1 %

Shares of Brookfield Infrastructure stock opened at $42.62 on Wednesday. The business’s 50 day simple moving average is $40.27 and its 200-day simple moving average is $41.19. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 29.60 and a beta of 1.48. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.43 dividend. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%.

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.