Benjamin Edwards Inc. Sells 556 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Benjamin Edwards Inc. cut its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 10,607 shares of the company’s stock after selling 556 shares during the period. Benjamin Edwards Inc.’s holdings in Brookfield Infrastructure were worth $424,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Brookfield Infrastructure in the fourth quarter worth about $60,137,000. HighTower Advisors LLC lifted its holdings in Brookfield Infrastructure by 1,684.0% in the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after purchasing an additional 700,108 shares during the last quarter. Principal Financial Group Inc. boosted its position in Brookfield Infrastructure by 13.8% during the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock worth $124,423,000 after purchasing an additional 376,254 shares during the period. JPMorgan Chase & Co. grew its holdings in Brookfield Infrastructure by 61.9% during the fourth quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company’s stock valued at $23,552,000 after purchasing an additional 225,143 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Brookfield Infrastructure by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock valued at $228,128,000 after purchasing an additional 187,719 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Down 0.1 %

Shares of Brookfield Infrastructure stock opened at $38.77 on Friday. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29. The firm has a fifty day simple moving average of $36.10 and a 200-day simple moving average of $39.57. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 26.92 and a beta of 1.38.

Brookfield Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 119.44%.

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.