Capital Research Global Investors cut its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) by 91.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 owned 0.09% of Brookfield Infrastructure worth $4,233,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of Brookfield Infrastructure by 0.9% during the third quarter. FMR LLC now owns 10,107,345 shares of the company’s stock worth $357,194,000 after acquiring an additional 93,628 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Brookfield Infrastructure by 22.9% in the third quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock worth $172,754,000 after purchasing an additional 911,454 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Brookfield Infrastructure by 2,147.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,617,613 shares of the company’s stock worth $127,629,000 after purchasing an additional 3,456,621 shares during the period. Royal Bank of Canada increased its stake in shares of Brookfield Infrastructure by 6.9% in the third quarter. Royal Bank of Canada now owns 2,980,004 shares of the company’s stock worth $105,313,000 after purchasing an additional 193,611 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Brookfield Infrastructure by 21.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,482,207 shares of the company’s stock worth $87,572,000 after purchasing an additional 445,466 shares during the period. 70.38% of the stock is owned by institutional investors.
Brookfield Infrastructure Stock Down 3.9 %
Shares of BIPC opened at $33.40 on Friday. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $48.23. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 23.19 and a beta of 1.44. The stock’s 50-day moving average price is $33.25 and its 200 day moving average price is $34.11.
Brookfield Infrastructure Dividend Announcement
The business also recently disclosed 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 is Friday, May 31st. This represents a $1.62 annualized dividend and a dividend yield of 4.85%. 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.
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