Captrust Financial Advisors Decreases Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Captrust Financial Advisors cut its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 8.9% during the fourth quarter, HoldingsChannel reports. The firm owned 13,599 shares of the company’s stock after selling 1,325 shares during the quarter. Captrust Financial Advisors’ holdings in Brookfield Infrastructure were worth $544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BIPC. Jones Financial Companies Lllp grew its stake in shares of Brookfield Infrastructure by 217.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock worth $44,000 after purchasing an additional 758 shares in the last quarter. Townsquare Capital LLC boosted its position in shares of Brookfield Infrastructure by 20.4% during the 4th quarter. Townsquare Capital LLC now owns 11,053 shares of the company’s stock worth $442,000 after acquiring an additional 1,870 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Brookfield Infrastructure by 5.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company’s stock worth $1,531,000 after acquiring an additional 1,906 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Brookfield Infrastructure by 315.1% in the 4th quarter. Van ECK Associates Corp now owns 136,903 shares of the company’s stock valued at $5,490,000 after acquiring an additional 103,920 shares during the last quarter. Finally, Hamilton Point Investment Advisors LLC raised its position in shares of Brookfield Infrastructure by 7.7% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 109,563 shares of the company’s stock worth $4,384,000 after acquiring an additional 7,880 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Up 1.2%

BIPC stock opened at $39.40 on Monday. The business has a 50 day moving average price of $36.30 and a 200 day moving average price of $39.41. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 27.36 and a beta of 1.38. Brookfield Infrastructure Co. has a fifty-two week low of $32.08 and a fifty-two week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.37%. Brookfield Infrastructure’s dividend 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.