TD Private Client Wealth LLC Trims Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

TD Private Client Wealth LLC decreased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,429 shares of the company’s stock after selling 463 shares during the quarter. TD Private Client Wealth LLC’s holdings in Brookfield Infrastructure were worth $777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC lifted its holdings in Brookfield Infrastructure by 5.7% in the third 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 period. Principal Financial Group Inc. increased its holdings in shares of Brookfield Infrastructure by 13.8% during the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after purchasing an additional 376,254 shares in the last quarter. Cibc World Market Inc. boosted its holdings in Brookfield Infrastructure by 18.3% during the fourth quarter. Cibc World Market Inc. now owns 933,865 shares of the company’s stock worth $37,364,000 after buying an additional 144,188 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Brookfield Infrastructure by 1,684.0% during the fourth quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after buying an additional 700,108 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Brookfield Infrastructure by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company’s stock valued at $25,371,000 after buying an additional 4,689 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock opened at $35.36 on Monday. The firm has a 50-day simple moving average of $39.73 and a two-hundred day simple moving average of $41.08. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $45.29. The company has a market cap of $4.21 billion, a P/E ratio of 24.55 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.43 dividend. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.86%. 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.