Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 63.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,751 shares of the company’s stock after selling 79,269 shares during the quarter. Jane Street Group LLC’s holdings in Brookfield Infrastructure were worth $1,790,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Brookfield Infrastructure by 217.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after buying an additional 758 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of Brookfield Infrastructure by 20.4% in the fourth quarter. Townsquare Capital LLC now owns 11,053 shares of the company’s stock valued at $442,000 after buying an additional 1,870 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Brookfield Infrastructure by 5.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company’s stock valued at $1,531,000 after buying an additional 1,906 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Brookfield Infrastructure by 315.1% in the fourth quarter. Van ECK Associates Corp now owns 136,903 shares of the company’s stock valued at $5,490,000 after buying an additional 103,920 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC grew its stake in shares of Brookfield Infrastructure by 7.7% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 109,563 shares of the company’s stock valued at $4,384,000 after buying an additional 7,880 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

BIPC stock opened at $39.40 on Friday. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $45.29. The firm has a market cap of $4.69 billion, a P/E ratio of 27.36 and a beta of 1.38. The stock has a 50-day simple moving average of $36.30 and a 200-day simple moving average of $39.43.

Brookfield Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure’s dividend payout ratio is currently 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.