Natixis Advisors LLC Decreases Stock Position in Brookfield Infrastructure Co. (NYSE:BIPC)

Natixis Advisors LLC lessened its holdings in Brookfield Infrastructure Co. (NYSE:BIPC) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,244 shares of the company’s stock after selling 314 shares during the quarter. Natixis Advisors LLC owned 0.07% of Brookfield Infrastructure worth $3,049,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BIPC. First PREMIER Bank acquired a new stake in Brookfield Infrastructure in the 1st quarter worth approximately $30,000. Trust Co. of Vermont purchased a new position in shares of Brookfield Infrastructure in the first quarter worth $34,000. First Horizon Advisors Inc. lifted its stake in shares of Brookfield Infrastructure by 104.1% during the first quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company’s stock worth $43,000 after buying an additional 611 shares during the period. Transce3nd LLC purchased a new stake in shares of Brookfield Infrastructure during the fourth quarter valued at $46,000. Finally, Fifth Third Bancorp increased its position in shares of Brookfield Infrastructure by 79.1% in the 1st quarter. Fifth Third Bancorp now owns 1,501 shares of the company’s stock valued at $54,000 after acquiring an additional 663 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research report on Sunday, July 6th.

Brookfield Infrastructure Stock Up 0.2%

Shares of NYSE:BIPC opened at $39.56 on Thursday. Brookfield Infrastructure Co. has a 52-week low of $32.08 and a 52-week high of $45.29. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 27.47 and a beta of 1.39. The business has a 50-day moving average price of $41.09 and a 200-day moving average price of $39.24.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, August 29th. Brookfield Infrastructure’s payout ratio is presently 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.