Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. lowered its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 23.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,085 shares of the company’s stock after selling 1,568 shares during the quarter. Griffin Asset Management Inc.’s holdings in Brookfield Infrastructure were worth $221,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BIPC. HBC Financial Services PLLC purchased a new position in shares of Brookfield Infrastructure in the first quarter worth about $29,000. Heritage Wealth Advisors lifted its stake in Brookfield Infrastructure by 43.0% during the 1st quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of Brookfield Infrastructure in the 1st quarter valued at $68,000. Lazard Asset Management LLC acquired a new stake in shares of Brookfield Infrastructure in the first quarter worth $73,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $43.00 on Thursday. Brookfield Infrastructure Co. has a 1 year low of $25.48 and a 1 year high of $43.90. The company has a market capitalization of $5.67 billion, a PE ratio of 29.86 and a beta of 1.44. The company has a fifty day moving average of $40.73 and a 200 day moving average of $36.59.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a $0.405 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.77%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

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.