Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Fmr LLC

Fmr LLC trimmed its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,790,585 shares of the company’s stock after selling 662,561 shares during the quarter. Fmr LLC owned approximately 0.10% of Brookfield Infrastructure worth $471,744,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Brookfield Infrastructure by 47.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock valued at $15,787,000 after buying an additional 116,256 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Brookfield Infrastructure in the 3rd quarter valued at $262,000. HighTower Advisors LLC grew its holdings in Brookfield Infrastructure by 240.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock valued at $1,807,000 after buying an additional 29,363 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after buying an additional 758 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Brookfield Infrastructure by 315.1% in the 4th quarter. Van ECK Associates Corp now owns 136,903 shares of the company’s stock valued at $5,490,000 after buying an additional 103,920 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Up 8.3 %

Shares of Brookfield Infrastructure stock opened at $35.46 on Thursday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The business’s fifty day simple moving average is $38.19 and its 200-day simple moving average is $40.50. The firm has a market cap of $4.22 billion, a PE ratio of 24.62 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 4.85%. Brookfield Infrastructure’s dividend payout ratio is presently 119.44%.

About Brookfield Infrastructure

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.