Sigma Planning Corp Sells 9,198 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sigma Planning Corp cut its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 44.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,374 shares of the company’s stock after selling 9,198 shares during the period. Sigma Planning Corp’s holdings in Brookfield Infrastructure were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BIPC. International Assets Investment Management LLC boosted its stake in Brookfield Infrastructure by 3,874.5% during the fourth quarter. International Assets Investment Management LLC now owns 973,128 shares of the company’s stock valued at $343,320,000 after buying an additional 948,644 shares during the last quarter. Vanguard Group Inc. boosted its stake in Brookfield Infrastructure by 22.9% during the third quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock valued at $172,754,000 after buying an additional 911,454 shares during the last quarter. Alpine Associates Management Inc. bought a new position in Brookfield Infrastructure during the third quarter valued at approximately $26,840,000. Brown Advisory Inc. boosted its stake in Brookfield Infrastructure by 22.7% during the third quarter. Brown Advisory Inc. now owns 2,126,621 shares of the company’s stock valued at $75,155,000 after buying an additional 393,127 shares during the last quarter. Finally, Pentwater Capital Management LP bought a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at approximately $12,842,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Price Performance

NASDAQ:BIPC opened at $31.31 on Friday. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 21.74 and a beta of 1.38. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $48.23. The business has a 50 day simple moving average of $33.49 and a 200-day simple moving average of $33.25.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 5.17%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

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.