Gilbert & Cook Inc. Decreases Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Gilbert & Cook Inc. lessened its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,771 shares of the company’s stock after selling 1,301 shares during the period. Gilbert & Cook Inc.’s holdings in Brookfield Infrastructure were worth $728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Brookfield Infrastructure by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after purchasing an additional 16,132 shares during the last quarter. Toronto Dominion Bank raised its stake in Brookfield Infrastructure by 32.0% in the 2nd quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock worth $5,023,000 after acquiring an additional 36,183 shares during the last quarter. Bank of Montreal Can raised its stake in Brookfield Infrastructure by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after acquiring an additional 169,892 shares during the last quarter. National Bank of Canada FI raised its stake in Brookfield Infrastructure by 2.7% in the 2nd quarter. National Bank of Canada FI now owns 1,272,758 shares of the company’s stock worth $41,935,000 after acquiring an additional 33,541 shares during the last quarter. Finally, Wulff Hansen & CO. raised its stake in Brookfield Infrastructure by 2,158.9% in the 2nd quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock worth $10,357,000 after acquiring an additional 294,065 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $43.15 on Friday. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 29.97 and a beta of 1.45. The business has a fifty day moving average of $42.32 and a 200 day moving average of $38.30. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $44.26.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 3.75%. Brookfield Infrastructure’s dividend payout ratio (DPR) is 112.50%.

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.