Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 62.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 838 shares of the company’s stock after selling 1,389 shares during the period. Fifth Third Bancorp’s holdings in Brookfield Infrastructure were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of Brookfield Infrastructure by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after buying an additional 312 shares during the period. Signaturefd LLC lifted its holdings in Brookfield Infrastructure by 9.8% in the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after acquiring an additional 363 shares during the period. Rockefeller Capital Management L.P. boosted its position in Brookfield Infrastructure by 1.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock worth $1,579,000 after purchasing an additional 364 shares in the last quarter. Hedeker Wealth LLC grew its stake in shares of Brookfield Infrastructure by 4.6% during the 3rd quarter. Hedeker Wealth LLC now owns 9,533 shares of the company’s stock worth $414,000 after purchasing an additional 423 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Brookfield Infrastructure by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,924 shares of the company’s stock valued at $648,000 after buying an additional 493 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Down 0.7 %

Shares of BIPC stock opened at $41.73 on Monday. The company has a market capitalization of $4.97 billion, a P/E ratio of 28.98 and a beta of 1.47. The business’s 50 day moving average is $40.87 and its two-hundred day moving average is $40.92. Brookfield Infrastructure Co. has a 12-month low of $28.47 and a 12-month high of $45.29.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 4.12%. Brookfield Infrastructure’s dividend payout ratio is currently 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.