Lantz Financial LLC Decreases Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Lantz Financial LLC lowered its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,244 shares of the company’s stock after selling 724 shares during the quarter. Lantz Financial LLC’s holdings in Brookfield Infrastructure were worth $1,690,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Brookfield Infrastructure by 5.7% in the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company’s stock valued at $540,840,000 after acquiring an additional 673,427 shares during the last quarter. Copeland Capital Management LLC raised its position in Brookfield Infrastructure by 1.2% during the third quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company’s stock valued at $90,416,000 after purchasing an additional 23,882 shares during the period. Charles Schwab Investment Management Inc. lifted 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 during the last quarter. Clearbridge Investments LLC purchased a new position in shares of Brookfield Infrastructure in the 2nd quarter worth approximately $12,632,000. Finally, JPMorgan Chase & Co. increased its position in shares of Brookfield Infrastructure by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,506 shares of the company’s stock valued at $15,787,000 after purchasing an additional 116,256 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

NASDAQ:BIPC opened at $42.82 on Friday. The firm has a market capitalization of $5.10 billion, a PE ratio of 29.74 and a beta of 1.47. The stock’s fifty day moving average is $41.10 and its 200 day moving average is $40.70. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29.

Brookfield Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 3.78%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 112.50%.

Brookfield Infrastructure Company 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.