D.A. Davidson & CO. Reduces Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

D.A. Davidson & CO. reduced its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,623 shares of the company’s stock after selling 428 shares during the period. D.A. Davidson & CO.’s holdings in Brookfield Infrastructure were worth $1,585,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after acquiring an additional 396 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Brookfield Infrastructure by 64.0% in the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after acquiring an additional 1,329 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Brookfield Infrastructure by 9.8% in the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after acquiring an additional 363 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at $204,000. Finally, MML Investors Services LLC purchased a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at $211,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

BIPC stock opened at $42.34 on Friday. The firm’s fifty day simple moving average is $40.34 and its 200-day simple moving average is $41.28. The company has a market capitalization of $5.04 billion, a P/E ratio of 29.40 and a beta of 1.48. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.43 dividend. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s 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.