Ameriprise Financial Inc. Decreases Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Ameriprise Financial Inc. decreased its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 173,198 shares of the company’s stock after selling 6,560 shares during the period. Ameriprise Financial Inc. owned about 0.15% of Brookfield Infrastructure worth $6,930,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Guardian Capital LP lifted its position in shares of Brookfield Infrastructure by 1.7% during the fourth quarter. Guardian Capital LP now owns 320,688 shares of the company’s stock worth $12,861,000 after purchasing an additional 5,350 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Brookfield Infrastructure during the fourth quarter worth about $221,000. Northern Trust Corp lifted its position in shares of Brookfield Infrastructure by 9.0% during the fourth quarter. Northern Trust Corp now owns 975,969 shares of the company’s stock worth $39,049,000 after purchasing an additional 80,476 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Brookfield Infrastructure by 26.1% during the fourth quarter. Lord Abbett & CO. LLC now owns 106,417 shares of the company’s stock worth $4,270,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Brookfield Infrastructure by 20.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,145 shares of the company’s stock worth $1,887,000 after purchasing an additional 7,922 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of BIPC stock opened at $39.07 on Friday. Brookfield Infrastructure Co. has a one year low of $32.08 and a one year high of $45.29. The company’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $39.39. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 27.13 and a beta of 1.38.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 4.40%. Brookfield Infrastructure’s dividend payout ratio (DPR) is 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.