Brookfield Infrastructure (NASDAQ:BIPC) Shares Down 3.6% – Time to Sell?

Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) fell 3.6% on Tuesday . The stock traded as low as $41.52 and last traded at $41.83. 84,183 shares traded hands during trading, a decline of 83% from the average session volume of 505,050 shares. The stock had previously closed at $43.40.

Brookfield Infrastructure Trading Down 2.0 %

The company has a market cap of $5.61 billion, a P/E ratio of 30.14 and a beta of 1.45. The company’s 50-day moving average price is $42.39 and its two-hundred day moving average price is $38.42.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.81%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BIPC. Nisa Investment Advisors LLC lifted its stake in Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after purchasing an additional 288 shares during the last quarter. CWM LLC boosted its holdings in shares of Brookfield Infrastructure by 10.7% in the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after buying an additional 305 shares during the period. Xponance Inc. grew its position in shares of Brookfield Infrastructure by 4.4% during the 2nd quarter. Xponance Inc. now owns 7,614 shares of the company’s stock valued at $256,000 after buying an additional 322 shares during the last quarter. Signaturefd LLC grew its position in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after buying an additional 363 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Brookfield Infrastructure by 1.0% during the third quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock worth $1,579,000 after acquiring an additional 364 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

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.