Strs Ohio Sells 31,047 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Strs Ohio decreased its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 70.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,300 shares of the company’s stock after selling 31,047 shares during the period. Strs Ohio’s holdings in Brookfield Infrastructure were worth $469,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in Brookfield Infrastructure by 82.2% during the fourth quarter. Cerity Partners LLC now owns 17,699 shares of the company’s stock worth $624,000 after buying an additional 7,983 shares during the last quarter. VAUGHAN & Co SECURITIES INC. bought a new position in Brookfield Infrastructure during the fourth quarter worth about $717,000. WESPAC Advisors LLC bought a new position in Brookfield Infrastructure during the fourth quarter worth about $406,000. International Assets Investment Management LLC boosted its holdings in Brookfield Infrastructure by 12.7% during the fourth quarter. International Assets Investment Management LLC now owns 27,583 shares of the company’s stock worth $973,000 after buying an additional 3,099 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Brookfield Infrastructure by 1.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 54,907 shares of the company’s stock worth $1,937,000 after purchasing an additional 988 shares during the period. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NASDAQ BIPC opened at $31.30 on Monday. The firm has a market cap of $4.13 billion, a P/E ratio of 21.74 and a beta of 1.38. The stock’s 50-day moving average is $33.49 and its 200-day moving average is $33.24. Brookfield Infrastructure Co. has a one year low of $25.48 and a one year high of $48.23.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.405 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.18%. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.38. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 112.50%.

Brookfield Infrastructure 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.