Caisse DE Depot ET Placement DU Quebec Reduces Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 14.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,367,396 shares of the company’s stock after selling 229,860 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Brookfield Infrastructure were worth $54,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. J.Safra Asset Management Corp lifted its position in shares of Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock worth $31,000 after buying an additional 274 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after acquiring an additional 758 shares during the last quarter. Transce3nd LLC acquired a new position in Brookfield Infrastructure in the fourth quarter valued at $46,000. Allworth Financial LP grew its holdings in shares of Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock worth $55,000 after purchasing an additional 396 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Brookfield Infrastructure by 34.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock worth $73,000 after purchasing an additional 460 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $37.00 on Friday. The stock has a 50-day simple moving average of $36.28 and a 200-day simple moving average of $39.80. The company has a market capitalization of $4.40 billion, a P/E ratio of 25.70 and a beta of 1.48. Brookfield Infrastructure Co. has a fifty-two week low of $31.28 and a fifty-two week high of $45.29.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure’s payout ratio 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.