National Bank of Canada FI Sells 206,907 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

National Bank of Canada FI decreased its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 907,647 shares of the company’s stock after selling 206,907 shares during the quarter. National Bank of Canada FI owned approximately 0.76% of Brookfield Infrastructure worth $36,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Brookfield Infrastructure by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock valued at $228,128,000 after purchasing an additional 187,719 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Brookfield Infrastructure by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after buying an additional 376,254 shares during the period. Norges Bank bought a new stake in shares of Brookfield Infrastructure during the fourth quarter worth $60,137,000. Cibc World Market Inc. boosted its holdings in Brookfield Infrastructure by 18.3% in 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 during the last quarter. Finally, HighTower Advisors LLC increased its position in Brookfield Infrastructure by 1,684.0% in the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after purchasing an additional 700,108 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 0.8 %

Brookfield Infrastructure stock opened at $37.48 on Thursday. The company has a market cap of $4.46 billion, a PE ratio of 26.03 and a beta of 1.48. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29. The company’s 50-day moving average is $39.20 and its two-hundred day moving average is $40.86.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.43 dividend. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.59%. The ex-dividend date was Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio 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.