Lake Street Advisors Group LLC Reduces Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Lake Street Advisors Group LLC cut its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 318,598 shares of the company’s stock after selling 1,410 shares during the period. Lake Street Advisors Group LLC’s holdings in Brookfield Infrastructure were worth $12,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Brookfield Infrastructure by 5.7% in the third quarter. FMR LLC now owns 12,453,146 shares of the company’s stock valued at $540,840,000 after purchasing an additional 673,427 shares during the period. Principal Financial Group Inc. lifted its holdings in Brookfield Infrastructure by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock worth $124,423,000 after buying an additional 376,254 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in Brookfield Infrastructure by 11,621.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company’s stock valued at $9,662,000 after buying an additional 220,581 shares during the last quarter. Cibc World Market Inc. grew its stake in shares of Brookfield Infrastructure by 18.3% during the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock valued at $37,364,000 after acquiring an additional 144,188 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Brookfield Infrastructure by 234.0% during the third quarter. Barclays PLC now owns 198,571 shares of the company’s stock worth $8,622,000 after acquiring an additional 139,112 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of BIPC opened at $41.03 on Wednesday. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The stock has a 50-day moving average price of $40.42 and a 200 day moving average price of $41.38. The company has a market capitalization of $4.88 billion, a P/E ratio of 28.49 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm 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 dividend of $0.43 per share. 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 4.19%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio is 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.