Brookfield Infrastructure Co. (NASDAQ:BIPC) Position Cut by Bamco Inc. NY

Bamco Inc. NY trimmed its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 42.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 59,068 shares of the company’s stock after selling 43,532 shares during the quarter. Bamco Inc. NY’s holdings in Brookfield Infrastructure were worth $2,129,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BIPC. Vanguard Group Inc. lifted its stake in Brookfield Infrastructure by 22.9% in 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. Raymond James & Associates raised its position in Brookfield Infrastructure by 25.3% in the fourth quarter. Raymond James & Associates now owns 204,178 shares of the company’s stock worth $7,203,000 after acquiring an additional 41,192 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Brookfield Infrastructure by 52.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 31,343 shares of the company’s stock worth $1,106,000 after acquiring an additional 10,721 shares in the last quarter. Copeland Capital Management LLC raised its position in Brookfield Infrastructure by 13.4% in the fourth quarter. Copeland Capital Management LLC now owns 1,986,687 shares of the company’s stock worth $70,090,000 after acquiring an additional 234,739 shares in the last quarter. Finally, Fenimore Asset Management Inc. raised its position in Brookfield Infrastructure by 7.2% in the fourth quarter. Fenimore Asset Management Inc. now owns 493,922 shares of the company’s stock worth $17,426,000 after acquiring an additional 33,155 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Down 1.9 %

Brookfield Infrastructure stock traded down $0.74 during midday trading on Monday, hitting $38.00. The company’s stock had a trading volume of 129,293 shares, compared to its average volume of 555,051. The stock’s 50-day moving average price is $35.06 and its 200-day moving average price is $34.43. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $46.80. The company has a market capitalization of $5.01 billion, a PE ratio of 26.90 and a beta of 1.44.

Brookfield Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Friday, May 31st. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 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.