Capital Research Global Investors Sells 1,299,614 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Capital Research Global Investors reduced its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) by 91.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,000 shares of the company’s stock after selling 1,299,614 shares during the quarter. Capital Research Global Investors’ holdings in Brookfield Infrastructure were worth $4,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its stake in Brookfield Infrastructure by 169.8% during the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after purchasing an additional 445 shares in the last quarter. Heritage Wealth Advisors bought a new stake in shares of Brookfield Infrastructure in the fourth quarter worth approximately $33,000. SRS Capital Advisors Inc. grew its stake in shares of Brookfield Infrastructure by 413.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,021 shares of the company’s stock worth $36,000 after acquiring an additional 822 shares during the period. Signaturefd LLC grew its stake in shares of Brookfield Infrastructure by 178.0% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the company’s stock worth $106,000 after acquiring an additional 1,933 shares during the period. Finally, CWM LLC grew its stake in shares of Brookfield Infrastructure by 55.0% in the fourth quarter. CWM LLC now owns 3,192 shares of the company’s stock worth $113,000 after acquiring an additional 1,133 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Down 3.9 %

Shares of BIPC stock opened at $33.40 on Friday. The company has a 50 day moving average price of $33.25 and a 200-day moving average price of $34.11. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $48.23. The firm has a market capitalization of $4.41 billion, a PE ratio of 23.19 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.85%. Brookfield Infrastructure’s dividend payout ratio is presently 112.50%.

Brookfield Infrastructure Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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