Sigma Planning Corp Cuts Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Sigma Planning Corp reduced its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 44.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BIPC. Allworth Financial LP grew its position in shares of Brookfield Infrastructure by 169.8% in the fourth quarter. Allworth Financial LP now owns 707 shares of the company’s stock valued at $25,000 after purchasing an additional 445 shares in the last quarter. CWM LLC grew its position in shares of Brookfield Infrastructure by 81.6% in the third quarter. CWM LLC now owns 2,059 shares of the company’s stock valued at $73,000 after purchasing an additional 925 shares in the last quarter. Signaturefd LLC grew its position in shares of Brookfield Infrastructure by 178.0% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the company’s stock valued at $106,000 after purchasing an additional 1,933 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Brookfield Infrastructure in the third quarter valued at approximately $121,000. Finally, Whittier Trust Co. grew its position in shares of Brookfield Infrastructure by 1,028.5% in the third quarter. Whittier Trust Co. now owns 3,916 shares of the company’s stock valued at $138,000 after purchasing an additional 3,569 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

BIPC stock opened at $31.31 on Friday. The business has a 50 day simple moving average of $33.49 and a 200-day simple moving average of $33.25. The firm has a market capitalization of $4.13 billion, a PE 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.

Brookfield Infrastructure Increases Dividend

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

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.