MADDEN SECURITIES Corp Sells 1,900 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

MADDEN SECURITIES Corp lessened its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 50,677 shares of the company’s stock after selling 1,900 shares during the period. MADDEN SECURITIES Corp’s holdings in Brookfield Infrastructure were worth $2,028,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Procyon Advisors LLC lifted its position in shares of Brookfield Infrastructure by 3.7% in the 3rd quarter. Procyon Advisors LLC now owns 26,950 shares of the company’s stock worth $1,170,000 after acquiring an additional 950 shares during the period. Creative Planning raised its stake in shares of Brookfield Infrastructure by 8.3% in the third quarter. Creative Planning now owns 28,886 shares of the company’s stock valued at $1,255,000 after purchasing an additional 2,226 shares in the last quarter. Baskin Financial Services Inc. lifted its position in Brookfield Infrastructure by 3.3% in the third quarter. Baskin Financial Services Inc. now owns 45,262 shares of the company’s stock worth $1,964,000 after purchasing an additional 1,465 shares during the period. Firethorn Wealth Partners LLC bought a new position in Brookfield Infrastructure in the third quarter worth $228,000. Finally, Quad Cities Investment Group LLC acquired a new stake in Brookfield Infrastructure during the third quarter worth $258,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Shares of BIPC stock opened at $41.15 on Tuesday. The firm has a fifty day moving average of $40.55 and a 200-day moving average of $41.04. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 28.58 and a beta of 1.48. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio is 119.44%.

Brookfield Infrastructure Company Profile

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.