Financial Perspectives Inc Decreases Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Financial Perspectives Inc cut its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 56.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BIPC. Allworth Financial LP boosted its stake 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 valued at $55,000 after buying an additional 396 shares in the last quarter. Covestor Ltd boosted its position in Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after purchasing an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp boosted its position in Brookfield Infrastructure by 111.6% during the third 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 in the last quarter. Signaturefd LLC boosted its position in Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after purchasing an additional 363 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock worth $202,000 after purchasing an additional 312 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

BIPC opened at $42.62 on Wednesday. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 29.60 and a beta of 1.48. The business’s fifty day moving average is $40.27 and its two-hundred day moving average is $41.19.

Brookfield Infrastructure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.04%. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s payout ratio is 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.