LDR Capital Management LLC Sells 17,978 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

LDR Capital Management LLC lessened its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 39.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,271 shares of the company’s stock after selling 17,978 shares during the period. Brookfield Infrastructure comprises approximately 1.5% of LDR Capital Management LLC’s portfolio, making the stock its 28th biggest holding. LDR Capital Management LLC’s holdings in Brookfield Infrastructure were worth $1,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after purchasing an additional 396 shares during the last quarter. Covestor Ltd raised its stake in shares of Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after acquiring an additional 1,329 shares during the last quarter. Signaturefd LLC raised its stake in shares of Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after acquiring an additional 363 shares during the last quarter. M&T Bank Corp bought a new position in shares of Brookfield Infrastructure during the third quarter valued at $204,000. Finally, MML Investors Services LLC bought a new position in shares of Brookfield Infrastructure during the third quarter valued at $211,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

BIPC stock opened at $42.34 on Friday. The company has a fifty day moving average price of $40.34 and a 200-day moving average price of $41.25. The company has a market capitalization of $5.04 billion, a P/E ratio of 29.40 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.06%. 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.