Griffin Asset Management Inc. Lowers Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Griffin Asset Management Inc. cut its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 23.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 quarter.

Several other large investors have also recently made changes to their positions in BIPC. Clearbridge Investments LLC purchased a new position in Brookfield Infrastructure in the second quarter valued at about $12,632,000. Wulff Hansen & CO. boosted its holdings in shares of Brookfield Infrastructure by 2,158.9% in the 2nd quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock valued at $10,357,000 after buying an additional 294,065 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Brookfield Infrastructure by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after buying an additional 279,676 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure by 9.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock worth $96,704,000 after acquiring an additional 236,355 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Brookfield Infrastructure by 3.9% during the second quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock valued at $153,880,000 after acquiring an additional 169,892 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Up 2.6 %

NASDAQ BIPC opened at $43.00 on Thursday. The firm’s fifty day simple moving average is $40.73 and its two-hundred day simple moving average is $36.59. The firm has a market capitalization of $5.67 billion, a P/E ratio of 29.86 and a beta of 1.44. Brookfield Infrastructure Co. has a 12-month low of $25.48 and a 12-month high of $43.90.

Brookfield Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.77%. The ex-dividend date was Friday, August 30th. Brookfield Infrastructure’s dividend payout ratio is currently 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.