Epoch Investment Partners Inc. Sells 52,812 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Epoch Investment Partners Inc. lessened its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,626,141 shares of the company’s stock after selling 52,812 shares during the period. Epoch Investment Partners Inc.’s holdings in Brookfield Infrastructure were worth $65,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of BIPC. Norges Bank purchased a new position in shares of Brookfield Infrastructure in the fourth quarter worth about $60,137,000. HighTower Advisors LLC grew its stake in Brookfield Infrastructure by 1,684.0% in the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock valued at $29,671,000 after buying an additional 700,108 shares in the last quarter. Principal Financial Group Inc. grew its stake in Brookfield Infrastructure by 13.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock valued at $124,423,000 after buying an additional 376,254 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Brookfield Infrastructure by 61.9% during the fourth quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company’s stock worth $23,552,000 after acquiring an additional 225,143 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Brookfield Infrastructure by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock worth $228,128,000 after acquiring an additional 187,719 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ BIPC opened at $35.16 on Friday. The stock has a fifty day moving average of $37.30 and a 200-day moving average of $40.12. The stock has a market cap of $4.18 billion, a PE ratio of 24.41 and a beta of 1.48. Brookfield Infrastructure Co. has a fifty-two week low of $29.30 and a fifty-two week high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.89%. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date was 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.