Brookfield Infrastructure Co. (NASDAQ:BIPC) Holdings Decreased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC cut its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 97.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,104 shares of the company’s stock after selling 217,375 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Brookfield Infrastructure were worth $204,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Brookfield Infrastructure by 64.0% in 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 period. Toth Financial Advisory Corp lifted its holdings in shares of Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after purchasing an additional 1,900 shares during the last quarter. Signaturefd LLC boosted its position in Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after purchasing an additional 363 shares during the period. M&T Bank Corp bought a new position in Brookfield Infrastructure during the 3rd quarter worth $204,000. Finally, MML Investors Services LLC acquired a new stake in Brookfield Infrastructure in the third quarter worth $211,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

BIPC stock opened at $42.03 on Friday. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 29.19 and a beta of 1.48. The stock’s fifty day moving average is $40.36 and its two-hundred day moving average is $41.08.

Brookfield Infrastructure Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.09%. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 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.