Focus Partners Wealth Cuts Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Focus Partners Wealth trimmed its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 31.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 477,892 shares of the company’s stock after selling 214,520 shares during the quarter. Focus Partners Wealth’s holdings in Brookfield Infrastructure were worth $19,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BIPC. Jones Financial Companies Lllp boosted its holdings in shares of Brookfield Infrastructure by 217.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock worth $44,000 after buying an additional 758 shares during the last quarter. Townsquare Capital LLC boosted its holdings in shares of Brookfield Infrastructure by 20.4% in the 4th quarter. Townsquare Capital LLC now owns 11,053 shares of the company’s stock worth $442,000 after buying an additional 1,870 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Brookfield Infrastructure by 5.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company’s stock worth $1,531,000 after buying an additional 1,906 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Brookfield Infrastructure by 315.1% in the 4th quarter. Van ECK Associates Corp now owns 136,903 shares of the company’s stock worth $5,490,000 after buying an additional 103,920 shares during the last quarter. Finally, Hamilton Point Investment Advisors LLC boosted its holdings in shares of Brookfield Infrastructure by 7.7% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 109,563 shares of the company’s stock worth $4,384,000 after buying an additional 7,880 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC opened at $38.77 on Monday. The company’s 50-day moving average is $36.10 and its 200 day moving average is $39.55. The company has a market capitalization of $4.61 billion, a P/E ratio of 26.92 and a beta of 1.38. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $45.29.

Brookfield Infrastructure Announces Dividend

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