Franklin Resources Inc. Sells 5,646 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Franklin Resources Inc. lessened its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,172 shares of the company’s stock after selling 5,646 shares during the period. Franklin Resources Inc.’s holdings in Brookfield Infrastructure were worth $848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BIPC. Gryphon Financial Partners LLC purchased a new stake in Brookfield Infrastructure during the second quarter valued at $136,000. Covestor Ltd lifted its position in shares of Brookfield Infrastructure by 64.0% during the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after buying an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp raised its stake in Brookfield Infrastructure by 111.6% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after acquiring an additional 1,900 shares during the period. Signaturefd LLC raised its position in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after purchasing an additional 363 shares during the period. Finally, M&T Bank Corp purchased a new stake in Brookfield Infrastructure in the 3rd quarter worth $204,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 2.2 %

NASDAQ BIPC opened at $38.20 on Monday. The stock has a market cap of $5.04 billion, a PE ratio of 26.53 and a beta of 1.45. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29. The stock’s 50 day moving average is $42.17 and its 200 day moving average is $39.89.

Brookfield Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.24%. Brookfield Infrastructure’s payout ratio is 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.