LWM Advisory Services LLC Has $285,000 Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

LWM Advisory Services LLC lowered its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 35.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,132 shares of the company’s stock after selling 3,845 shares during the period. LWM Advisory Services LLC’s holdings in Brookfield Infrastructure were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in Brookfield Infrastructure by 5.7% during the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock worth $540,840,000 after buying an additional 673,427 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Brookfield Infrastructure by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after purchasing an additional 376,254 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Brookfield Infrastructure by 18.3% in the 4th quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock valued at $37,364,000 after purchasing an additional 144,188 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Brookfield Infrastructure by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,606 shares of the company’s stock valued at $27,314,000 after purchasing an additional 8,891 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Brookfield Infrastructure by 26.2% in the 4th quarter. CIBC Asset Management Inc now owns 398,141 shares of the company’s stock valued at $16,123,000 after purchasing an additional 82,548 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC opened at $42.34 on Friday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The company’s fifty day moving average is $40.34 and its 200-day moving average is $41.28. The company has a market capitalization of $5.04 billion, a PE ratio of 29.40 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s payout ratio is currently 119.44%.

Brookfield Infrastructure 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.