Weil Company Inc. Has $369,000 Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Weil Company Inc. trimmed its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 81.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,219 shares of the company’s stock after selling 40,679 shares during the period. Weil Company Inc.’s holdings in Brookfield Infrastructure were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. BankPlus Trust Department purchased a new stake in shares of Brookfield Infrastructure during the 4th quarter worth about $1,054,000. Redmond Asset Management LLC increased its holdings in Brookfield Infrastructure by 2.7% in the fourth quarter. Redmond Asset Management LLC now owns 49,679 shares of the company’s stock worth $1,988,000 after buying an additional 1,319 shares during the last quarter. Ipswich Investment Management Co. Inc. raised its position in Brookfield Infrastructure by 1.3% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 88,850 shares of the company’s stock valued at $3,555,000 after acquiring an additional 1,149 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Brookfield Infrastructure by 26.2% in the fourth quarter. CIBC Asset Management Inc now owns 398,141 shares of the company’s stock valued at $16,123,000 after acquiring an additional 82,548 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in Brookfield Infrastructure by 52.9% in the fourth quarter. Sanctuary Advisors LLC now owns 9,061 shares of the company’s stock worth $381,000 after acquiring an additional 3,135 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 2.6 %

Shares of BIPC opened at $41.03 on Wednesday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 28.49 and a beta of 1.48. The company’s fifty day moving average is $40.42 and its 200-day moving average is $41.38. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.19%. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio is presently 119.44%.

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.