Los Angeles Capital Management LLC Has $1.08 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Los Angeles Capital Management LLC lessened its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC – Get Rating) by 35.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,526 shares of the company’s stock after selling 14,282 shares during the period. Los Angeles Capital Management LLC’s holdings in Brookfield Infrastructure were worth $1,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BIPC. Federated Hermes Inc. boosted its position in Brookfield Infrastructure by 40.0% during the first quarter. Federated Hermes Inc. now owns 616 shares of the company’s stock valued at $46,000 after purchasing an additional 176 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Brookfield Infrastructure during the third quarter valued at $28,000. UMB Bank n.a. boosted its position in Brookfield Infrastructure by 91.4% during the second quarter. UMB Bank n.a. now owns 806 shares of the company’s stock valued at $34,000 after purchasing an additional 385 shares during the last quarter. First PREMIER Bank boosted its position in Brookfield Infrastructure by 49.9% during the second quarter. First PREMIER Bank now owns 841 shares of the company’s stock valued at $36,000 after purchasing an additional 280 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Brookfield Infrastructure during the first quarter valued at $82,000.

Brookfield Infrastructure Trading Up 1.0 %

BIPC opened at $45.35 on Tuesday. The stock has a market cap of $5.01 billion and a price-to-earnings ratio of 31.49. Brookfield Infrastructure Co. has a 1 year low of $37.54 and a 1 year high of $53.64. The stock has a fifty day moving average price of $42.89 and a 200 day moving average price of $44.07.

Brookfield Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 29th. This represents a $1.44 annualized dividend and a yield of 3.18%. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 100.00%.

Brookfield Infrastructure Company Profile

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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.