Bank of New York Mellon Corp Sells 539 Shares of Brookfield Infrastructure Co. (NYSE:BIPC)

Bank of New York Mellon Corp reduced its holdings in Brookfield Infrastructure Co. (NYSE:BIPC) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 341,925 shares of the company’s stock after selling 539 shares during the quarter. Bank of New York Mellon Corp owned about 0.29% of Brookfield Infrastructure worth $12,374,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First PREMIER Bank purchased a new stake in Brookfield Infrastructure in the first quarter worth $30,000. Trust Co. of Vermont bought a new position in Brookfield Infrastructure in the 1st quarter worth $34,000. First Horizon Advisors Inc. lifted its position in shares of Brookfield Infrastructure by 104.1% in the 1st quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company’s stock worth $43,000 after purchasing an additional 611 shares during the period. Transce3nd LLC bought a new stake in shares of Brookfield Infrastructure during the 4th quarter valued at about $46,000. Finally, Fifth Third Bancorp increased its position in shares of Brookfield Infrastructure by 79.1% during the first quarter. Fifth Third Bancorp now owns 1,501 shares of the company’s stock valued at $54,000 after buying an additional 663 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Sunday, July 6th.

Brookfield Infrastructure Stock Down 0.8%

Shares of BIPC stock opened at $41.45 on Monday. The business’s fifty day moving average is $40.73 and its 200 day moving average is $39.15. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 28.78 and a beta of 1.37. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a dividend of $0.43 per share. The ex-dividend date was Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.15%. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%.

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.