Brookfield Infrastructure Co. (NASDAQ:BIPC) Holdings Decreased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC reduced its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 75,987 shares of the company’s stock after selling 1,796 shares during the period. Chicago Partners Investment Group LLC’s holdings in Brookfield Infrastructure were worth $2,638,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pacifica Partners Inc. raised its position in Brookfield Infrastructure by 7.5% in the fourth quarter. Pacifica Partners Inc. now owns 4,968 shares of the company’s stock worth $175,000 after acquiring an additional 347 shares in the last quarter. Allworth Financial LP increased its stake in Brookfield Infrastructure by 169.8% in the 4th quarter. Allworth Financial LP now owns 707 shares of the company’s stock worth $25,000 after purchasing an additional 445 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Brookfield Infrastructure by 8.5% in the 3rd quarter. Belpointe Asset Management LLC now owns 6,213 shares of the company’s stock worth $220,000 after purchasing an additional 488 shares in the last quarter. HighTower Advisors LLC increased its stake in Brookfield Infrastructure by 7.9% in the 3rd quarter. HighTower Advisors LLC now owns 8,111 shares of the company’s stock worth $289,000 after purchasing an additional 597 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its stake in Brookfield Infrastructure by 8.5% in the 4th quarter. Personal CFO Solutions LLC now owns 8,461 shares of the company’s stock worth $299,000 after purchasing an additional 663 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Performance

BIPC traded down $0.29 during trading on Friday, reaching $33.68. The company had a trading volume of 382,067 shares, compared to its average volume of 564,346. The firm’s 50-day simple moving average is $33.20 and its 200 day simple moving average is $34.18. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 23.40 and a beta of 1.45. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $47.44.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.405 per share. The ex-dividend date is Friday, May 31st. This represents a $1.62 annualized dividend and a yield of 4.81%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

Brookfield Infrastructure Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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