D.A. Davidson & CO. Sells 428 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

D.A. Davidson & CO. lowered its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,623 shares of the company’s stock after selling 428 shares during the quarter. D.A. Davidson & CO.’s holdings in Brookfield Infrastructure were worth $1,585,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC grew its position in shares of Brookfield Infrastructure by 5.7% in the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after buying an additional 673,427 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Brookfield Infrastructure by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock worth $124,423,000 after buying an additional 376,254 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Brookfield Infrastructure by 18.3% in the 4th quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock worth $37,364,000 after buying an additional 144,188 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Brookfield Infrastructure by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock worth $27,314,000 after buying an additional 8,891 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Brookfield Infrastructure by 26.2% in the 4th quarter. CIBC Asset Management Inc now owns 398,141 shares of the company’s stock worth $16,123,000 after buying an additional 82,548 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 0.7 %

Shares of Brookfield Infrastructure stock opened at $42.34 on Friday. The firm’s 50 day moving average price is $40.34 and its 200-day moving average price is $41.28. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29. The company has a market cap of $5.04 billion, a P/E ratio of 29.40 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.06%. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s payout ratio is presently 119.44%.

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.