GPS Wealth Strategies Group LLC Reduces Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

GPS Wealth Strategies Group LLC lowered its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 37.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,560 shares of the company’s stock after selling 3,302 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Brookfield Infrastructure were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BIPC. Citigroup Inc. raised its stake in Brookfield Infrastructure by 221.6% in the 3rd quarter. Citigroup Inc. now owns 87,851 shares of the company’s stock worth $3,819,000 after acquiring an additional 60,538 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Brookfield Infrastructure by 47.0% in the third 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 period. Sanctuary Advisors LLC purchased a new position in shares of Brookfield Infrastructure in the third quarter worth about $262,000. HighTower Advisors LLC lifted its holdings in shares of Brookfield Infrastructure by 240.5% during the third quarter. HighTower Advisors LLC now owns 41,574 shares of the company’s stock worth $1,807,000 after purchasing an additional 29,363 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Brookfield Infrastructure in the 3rd quarter worth approximately $668,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Down 0.7 %

Shares of NASDAQ:BIPC opened at $41.73 on Monday. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The company has a market cap of $4.97 billion, a PE ratio of 28.98 and a beta of 1.47. The company’s 50 day moving average is $40.87 and its 200 day moving average is $40.92.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.12%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio 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.