LWM Advisory Services LLC Sells 3,845 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

LWM Advisory Services LLC trimmed its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 35.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,132 shares of the company’s stock after selling 3,845 shares during the quarter. LWM Advisory Services LLC’s holdings in Brookfield Infrastructure were worth $285,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its holdings 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 during the last quarter. Covestor Ltd raised its holdings in shares of Brookfield Infrastructure by 64.0% in the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after buying an additional 1,329 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Brookfield Infrastructure by 9.8% in the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after buying an additional 363 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Brookfield Infrastructure by 6.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after buying an additional 312 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in Brookfield Infrastructure during the 3rd quarter worth about $204,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Down 0.7 %

Shares of NASDAQ:BIPC opened at $42.34 on Friday. The stock has a market capitalization of $5.04 billion, a P/E ratio of 29.40 and a beta of 1.48. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The business has a 50-day moving average price of $40.34 and a two-hundred day moving average price of $41.28.

Brookfield Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure’s payout ratio is currently 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.