Pinnacle Wealth Management Group Inc. Has $565,000 Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Pinnacle Wealth Management Group Inc. decreased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,119 shares of the company’s stock after selling 750 shares during the quarter. Pinnacle Wealth Management Group Inc.’s holdings in Brookfield Infrastructure were worth $565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baker Tilly Wealth Management LLC lifted its position in shares of Brookfield Infrastructure by 20.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 9,379 shares of the company’s stock worth $375,000 after buying an additional 1,584 shares during the period. JPMorgan Chase & Co. raised its position in shares of Brookfield Infrastructure by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock worth $15,787,000 after acquiring an additional 116,256 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Brookfield Infrastructure during the 3rd quarter valued at about $262,000. TD Private Client Wealth LLC boosted its stake in Brookfield Infrastructure by 132.4% in the third quarter. TD Private Client Wealth LLC now owns 19,892 shares of the company’s stock valued at $865,000 after acquiring an additional 11,332 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Brookfield Infrastructure during the third quarter worth $204,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $38.49 on Tuesday. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The stock has a market cap of $4.58 billion, a PE ratio of 26.73 and a beta of 1.47. The stock has a 50-day moving average of $41.49 and a 200-day moving average of $40.36.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure’s payout ratio is presently 112.50%.

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.