Atria Investments Inc Trims Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Atria Investments Inc cut its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.4% during the third quarter, HoldingsChannel.com reports. The fund owned 15,838 shares of the company’s stock after selling 1,273 shares during the quarter. Atria Investments Inc’s holdings in Brookfield Infrastructure were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in shares of Brookfield Infrastructure by 292.5% in the second quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after buying an additional 16,132 shares during the last quarter. Toronto Dominion Bank increased its position in Brookfield Infrastructure by 32.0% in the 2nd quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock valued at $5,023,000 after acquiring an additional 36,183 shares during the period. Bank of Montreal Can raised its stake in Brookfield Infrastructure by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock valued at $153,880,000 after acquiring an additional 169,892 shares during the last quarter. National Bank of Canada FI raised its stake in Brookfield Infrastructure by 2.7% during the 2nd quarter. National Bank of Canada FI now owns 1,272,758 shares of the company’s stock valued at $41,935,000 after acquiring an additional 33,541 shares during the last quarter. Finally, Wulff Hansen & CO. lifted its position in Brookfield Infrastructure by 2,158.9% during the 2nd quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock worth $10,357,000 after acquiring an additional 294,065 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $42.88 on Wednesday. The business has a 50 day simple moving average of $42.44 and a 200-day simple moving average of $38.49. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $44.54. The stock has a market capitalization of $5.66 billion, a PE ratio of 29.78 and a beta of 1.45.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure’s payout ratio is 112.50%.

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.